THE WREKIN HOUSING TRUST LIMITED
Company Information
- Company Number
- 03558717
- Registered Address
- Colliers Way, Old Park, Telford, Shropshire, TF3 4AW
- Status
- Converted / Closed
- Employee Count
- 480
- Turnover
- £72,088,000
- EBITDA
- £35,156,000
Additional Details
- Company Type
- Converted/closed company
- Incorporated On
- 30 April 1998
- Nature of Business
- 68201 - Renting and operating of Housing Association real estate
- Industries
- Property
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for THE WREKIN HOUSING TRUST LIMITED has increased over the past three periods, with an average of 35.2 days in the second period compared to 38.3 days in the third period. However, the percentage of invoices paid within 30 days has decreased slightly from 42% to 39%, while the percentage of invoices paid between 31 and 60 days has increased from 56% to 54%. The most significant change is the increase in the percentage of invoices paid later than 60 days, from 1% in the first period to 7% in the third period.
Volatility Analysis
The volatility of average time to pay for THE WREKIN HOUSING TRUST LIMITED is relatively stable, with an increase of only 3.1 days over the three periods. The volatility of invoices paid within 30 days and between 31 and 60 days is also minimal, with changes of only 3% and 1%, respectively. However, the volatility of invoices paid later than 60 days is significantly higher, with an increase of 6% from the first period to the third period.
Summary Analysis
The average time to pay for THE WREKIN HOUSING TRUST LIMITED has increased from 32 days in the first period to 38.3 days in the third period, with a slight decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid between 31 and 60 days. The most significant change is the increase in the percentage of invoices paid later than 60 days, from 1% in the first period to 7% in the third period. The company's shortest (or only) standard payment period is 3 days.
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 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 32 | 42% | 57% | 1% | 43% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Payment runs are completed on a weekly basis however there is just one payment run per week. The payment run takes place on a Thursday and includes all invoices due up to and including the Friday (the next day). If an invoice is due for payment any date between the Friday and the following Thursday this would be shown as overdue. Of the 43% above showing as invoices not paid within agreed terms 67% of these were paid within 6 working days of the due date.
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
90
Dispute Resolution Process
Where non-payment is caused by invoicing inaccuracy due to incorrect pricing/quantities or the quality of goods/services provided, the person responsible for the purchase will dispute the invoice by placing it on hold. Invoices subject to a dispute will not be paid until the dispute is resolved. Suppliers are informed of any invoices held in dispute. Once the dispute is resolved the payment will be made in accordance with the agreed payment terms, unless the payment is overdue where it will be included in the next available payment run.
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
Company Summary
The Wrekin Housing Trust Limited is a housing association based in Telford, UK. They provide affordable housing and support services to individuals and families in need. The trust is committed to promoting sustainability and has implemented various initiatives to reduce their environmental impact.
Their sustainability program includes promoting energy efficiency in their properties through insulation and solar panels, as well as encouraging recycling and reducing waste. They also offer affordable housing options for low-income families, elderly individuals, and those with disabilities.
The trust is led by a team of dedicated professionals, including Chief Executive Wayne Gethings and Chair of the Board of Trustees, Rachel Bailey. They also have a network of volunteers who assist in their community projects.
In addition to their housing services, the trust offers support programs for vulnerable individuals and families, such as financial advice, employment support, and community activities. They also work closely with local authorities and other organizations to improve the overall well-being of their community.
The Wrekin Housing Trust Limited can be contacted through their website, which provides information about their services and how to apply for housing. Their registered office address is Colliers Way, Old Park, Telford, TF3 4AW. Overall, the trust plays a vital role in providing affordable housing and support to those in need, while also promoting sustainability and community development.
