SEDDON HOMES LIMITED
Company Information
- Company Number
- 03045309
- Registered Address
- Birchwood One Business Park Dewhurst Road, Birchwood, Warrington, Cheshire, WA3 7GB
- Status
- Active
- Employee Count
- 91.0
- Turnover
- 61590000.0
- EBITDA
- 8770000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 12 April 1995
- Nature of Business
- 41202 - Construction of domestic buildings
- Industries
- Property,Infrastructure And Construction
- Region
- North West
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 38 | 29% | 67% | 4% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 17 Aug 2023 | 39 | 31% | 64% | 5% | 5% |
Company Summary
SEDDON HOMES LIMITED is a British property development company that has been in operation for over 80 years
They focus on building high-quality, sustainable homes in desirable locations across the country
Their sustainability program is a key aspect of their business, with a commitment to reducing their carbon footprint and promoting environmentally-friendly practices
They have implemented various initiatives such as using sustainable building materials, installing energy-efficient features in their homes, and promoting recycling and waste reduction
SEDDON HOMES LIMITED offers a range of products and services, including new build homes, apartments, and refurbishment projects
They work closely with local communities to ensure their developments are in line with the needs and preferences of the area
The company is led by a team of experienced professionals, including Managing Director Jonathan Seddon and Chairman Paul Seddon
They are dedicated to delivering high-quality homes and maintaining a strong reputation in the industry
SEDDON HOMES LIMITED can be contacted through their website, which provides information on their current and upcoming developments, as well as contact details for their sales teams
Their registered office address is in Cheshire, England
In summary, SEDDON HOMES LIMITED is a reputable property development company with a strong focus on sustainability and community engagement
They offer a range of high-quality homes and have a dedicated team of professionals leading their operations
Their commitment to sustainability sets them apart in the industry and makes them a desirable choice for homebuyers
Company Review
Trend Analysis
The average time to pay for SEDDON HOMES LIMITED has decreased from 39 days in Jan 2023 to 36 days in June 2024. This shows a trend of improving payment efficiency.
Volatility Analysis
The % of invoices paid within 30 days has increased from 31% in Jan 2023 to 33% in June 2024. However, there has been some fluctuation in the % of invoices paid between 31 and 60 days, with a decrease from 67% in July 2023 to 63% in June 2024. The % of invoices paid later than 60 days has also fluctuated, with a decrease from 5% in Jan 2023 to 4% in April 2024, but an increase to 4% in June 2024. Overall, there is a trend of improving payment efficiency, but with some volatility in the % of invoices paid within agreed terms.
Summary Analysis
In summary, SEDDON HOMES LIMITED has shown an improvement in payment efficiency over the past three periods. The average time to pay has decreased from 39 days to 36 days, and the % of invoices paid within 30 days has increased from 31% to 33%. However, there has been some fluctuation in the % of invoices paid within agreed terms, with a decrease from 7% in July 2023 to 2% in Jan 2024, but an increase to 4% in June 2024. The shortest (or only) standard payment period has remained consistent at 35 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Supplier payment terms are generally 60 days from invoice date although in many cases the agreed terms are shorter. Subcontractors are paid 38 days after the payment valuation is received. In some cases, subcontractors are paid weekly or fortnightly as standard.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
Any disputes or inconsistencies will initially be addressed by the project surveyor (for subcontractor payments) or a purchase ledger assistant (for supplier payments). The majority of these matters are resolved such that the payment can be made within pre-agreed terms. If a resolution cannot be found through this process, an escalation process exists through line management and ultimately Directors to resolve and mediate where possible. Should this process not achieve a resolution then, in very rare circumstances, contractual dispute resolution processes are adopted.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
