Industry ranking
The average time for LANDMARK MORTGAGES LIMITED to pay invoices has fluctuated between 30 to 40 days over the past three years. The percentage of invoices paid within 30 days has generally remained consistent, while there has been a decrease in the percentage of invoices paid between 31 and 60 days in 2020. The percentage of invoices paid later than 60 days has also decreased in 2020, but has been on the rise in 2021.
The average time for LANDMARK MORTGAGES LIMITED to pay invoices has not shown significant volatility, with the highest change being a 10% increase in 2020. However, there has been more volatility in the percentage of invoices paid within 30 days, which has fluctuated between 52% to 75% over the past three years. The percentage of invoices paid between 31 and 60 days has also shown some volatility, with a decrease of 7% in 2020. The largest volatility can be seen in the percentage of invoices paid later than 60 days, with a 16% decrease in 2020 and a 13% increase in 2021.
| 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 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 37 | 69% | 16% | 15% | 5% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 37 | 64% | 20% | 16% | 5% |
| 01 Jan 2021 - 30 Jun 2021 | 20 Jul 2021 | 35 | 64% | 20% | 16% | 7% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 40 | 52% | 19% | 29% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 36 | 75% | 8% | 17% | 1% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 30 | 75% | 12% | 13% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 34 | 69% | 15% | 16% | 1% |
| 01 Jul 2018 - 31 Dec 2018 | 15 Jan 2019 | 33 | 68% | 18% | 14% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 33 | 63% | 19% | 18% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days from the date of the invoice and our maximum contractual period is 90 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Where any invoices sent for payment are subsequently disputed, either on the supplier or company side, they will be returned to the business for escalation and resolution within the business area.
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
Landmark Mortgages Limited is a mortgage finance company, registered under SIC code 64922, activities of mortgage finance companies. Companies House records show the entity was previously named Northern Rock Plc, then Northern Rock (Asset Management) Plc, then NRAM Plc, before becoming Landmark Mortgages Limited. Its own website is currently offline for maintenance, though it notes that a self-serve customer portal remains available and that a customer contact centre operates on weekdays. Based on the SIC classification and company history, the business manages and administers mortgage loan accounts rather than originating new lending, consistent with its role as a legacy mortgage book administrator within a wider financial group.
Generated from the company's website and Companies House records. Sources: landmarkmortgages.com · find-and-update.company-information.service.gov.uk