Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Over the past three periods, there has been a general trend of an increase in the average time taken for WENTWORTH HOUSE PARTNERSHIP LIMITED to pay invoices to suppliers. In 2017-2018, the average time to pay was 35 days, which increased to 39 days in 2018-2019 and further increased to 52 days in 2019-2020. However, there was a slight decrease in the most recent period (2020-2021) with an average time to pay of 37 days.
There has been a significant increase in volatility in the percentage of invoices paid within 30 days. In 2017-2018, 59% of invoices were paid within 30 days, which dropped to 40% in 2019-2020 and then increased slightly to 39% in 2020-2021. This shows that there has been a lot of fluctuation in the company's ability to pay invoices within the agreed time frame.
The data for WENTWORTH HOUSE PARTNERSHIP LIMITED shows a concerning trend of increasing average time to pay and decreasing percentage of invoices paid within 30 days. In 2017-2018, the company had an average time to pay of 35 days and 59% of invoices were paid within 30 days. However, in the most recent period (2020-2021), the average time to pay has increased to 37 days and only 39% of invoices were paid within 30 days. This suggests that the company may be facing financial difficulties or cash flow issues, which is reflected in the increasing percentage of invoices paid later than 60 days. On a positive note, there has been a decrease in the percentage of invoices not paid within agreed terms in the most recent period, which may indicate that the company is making efforts to improve their payment practices.
| 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 Nov 2020 - 30 Apr 2021 | 31 May 2021 | 58 | 9% | 42% | 51% | 11% |
| 01 May 2020 - 31 Oct 2020 | 30 Nov 2020 | 46 | 23% | 52% | 25% | 5% |
| 01 Nov 2019 - 30 Apr 2020 | 30 May 2020 | 52 | 11% | 61% | 28% | 6% |
| 01 May 2019 - 31 Oct 2019 | 30 Nov 2019 | 32 | 40% | 52% | 8% | 3% |
| 01 Nov 2018 - 30 Apr 2019 | 16 Jun 2019 | 39 | 42% | 51% | 7% | 7% |
| 01 May 2018 - 31 Oct 2018 | 30 Nov 2018 | 34 | 52% | 39% | 9% | 9% |
| 01 Nov 2017 - 30 Apr 2018 | 01 Jun 2018 | 35 | 59% | 24% | 17% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Key and preferred suppliers sign to 45 days from end of month. For smaller businesses and ad hoc suppliers we have flexibility to pay to shorter agreed terms
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
75
Disputes in relation to payments are initiated with the purchase ledger department and our procurement department whom governs the payment process. Where Payments are withheld for any reason this is discussed with the supplier in the first instance. If an agreement cannot be made this is then escalated to the Financial Director whom will discuss with their opposite number whether an agreement can be reached. During the period there has been no withheld payments that have gone beyond this point.
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
Wentworth House Partnership Limited is a UK registered company active since 1998, classified under construction of other civil engineering projects. Companies House records associate it with architecture, civil engineering and property development and construction activity. No further detail on specific projects, clients or trading name is available from the supplied evidence, so its precise operational focus cannot be described beyond this classification.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk