Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time to pay for LONDON RESIDENTIAL HEALTHCARE LIMITED has been decreasing over the past three periods, from 36 days in 2019-2020 to 29 days in 2021-2022. This indicates an improvement in their payment efficiency.
The volatility in LONDON RESIDENTIAL HEALTHCARE LIMITED's payment period has been relatively low, with an average fluctuation of only 2 days between periods.
In the past three periods, LONDON RESIDENTIAL HEALTHCARE LIMITED has shown consistent improvement in their payment efficiency, with a decrease in the average time to pay and an increase in the percentage of invoices paid within 30 days. However, there has been a slight increase in the percentage of invoices paid between 31-60 days and later than 60 days in the most recent period compared to the previous one.
| 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 2024 - 30 Jun 2024 | 03 Sept 2024 | 30 | 43% | 55% | 2% | 0% |
| 01 Jul 2023 - 31 Dec 2023 | 03 Sept 2024 | 33 | 39% | 56% | 5% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Sept 2024 | 33 | 41% | 54% | 5% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Aug 2023 | 32 | 41% | 54% | 4% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jan 2023 | 31 | 43% | 52% | 5% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 26 Jan 2023 | 34 | 42% | 53% | 5% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 10 Aug 2021 | 29 | 48% | 49% | 3% | 3% |
| 01 Jul 2020 - 31 Dec 2020 | 10 Aug 2021 | 28 | 52% | 45% | 3% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 33 | 48% | 48% | 4% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 36 | 44% | 53% | 3% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company's standard payment period is 30 days after the month end of the invoice date month.
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
365
Invoices are checked against purchase orders and GRN reports, any discrepancies are raised by the Purchase Ledger controller with the suppliers accounts team. Where there are shortfalls, over charges etc the invoice concerned will not be paid until the relevant credit note or revised invoice has been received and processed. Where discrepancies cannot be resolved in the first instance these will be referred to the Facility & Procurement Administrator in the first instance and escalated to the Finance Manager or Director as necessary.
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
London Residential Healthcare Limited is a property holding and development entity within the LRH Care Homes group, having been controlled by LRH Care Homes Limited since 2017. Its stated business activities are the development of building projects and other service activities. Land Registry records show it holds 23 freehold titles, mostly in Greater London with others in Hampshire, West Sussex and the Isle of Wight, consistent with a portfolio of care home properties. The company was originally incorporated as Profile Disk Limited before briefly trading as London Residential Health Care Limited and then adopting its current name in 1997. It remains an active private limited company registered in London.
Generated from the company's website and Companies House records. Sources: companiesintheuk.co.uk · find-and-update.company-information.service.gov.uk