CAPQUEST DEBT RECOVERY LIMITED
Company Information
- Company Number
- 03772278
- Registered Address
- Belvedere, 12 Booth Street, Manchester, M2 4AW
- Status
- Active
- Employee Count
- 870
- Turnover
- £47,290,000
- EBITDA
- -£1,301,000
Additional Details
- Website
- https://capquest.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 May 1999
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Financial Services, Professional Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows a general trend of improvement in the time taken for CAPQUEST DEBT RECOVERY LIMITED to pay invoices to suppliers. From 2018 to 2023, the average time to pay has decreased from 30 days to 26 days, with the lowest being 26 days in the last period. This indicates that the company has been making efforts to pay invoices earlier.
Volatility Analysis
The data also shows some volatility in the percentage of invoices paid within 30 days. In 2018, the percentage was 71%, which decreased to 43% in 2020, before increasing again to 84% in 2021. This could be due to external factors such as economic conditions or changes in the company's payment processes.
Summary Analysis
From 2018 to 2021, CAPQUEST DEBT RECOVERY LIMITED has shown a consistent improvement in the time taken to pay invoices. The average time to pay has decreased from 30 days to 26 days, with the company consistently paying a high percentage of invoices (above 70%) within 30 days. However, in the last period (2022-2023), there has been a slight increase in the average time to pay and a decrease in the percentage of invoices paid within 30 days, which could indicate a potential issue that needs to be addressed.
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 | 08 Feb 2024 | 26 | 74% | 23% | 2% | 25% |
| 01 Jan 2023 - 30 Jun 2023 | 29 Nov 2023 | 30 | 68% | 27% | 5% | 32% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 32 | 68% | 25% | 7% | 32% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 29 | 65% | 31% | 4% | 35% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 30 | 84% | 12% | 4% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 32 | 73% | 18% | 9% | 27% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 41 | 59% | 27% | 14% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 43 | 43% | 39% | 18% | 57% |
| 01 Jul 2019 - 31 Dec 2019 | 26 Jan 2020 | 26 | 81% | 16% | 3% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 29 | 66% | 27% | 7% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 32 | 64% | 30% | 6% | 36% |
| 01 Jan 2018 - 30 Jun 2018 | 06 Aug 2018 | 30 | 71% | 26% | 4% | 31% |
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
Existing suppliers determine payment terms but most common are 30 days
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
30
Dispute Resolution Process
Supplier payment issues are firstly directed to the AP team for resolution. Depending on the issue, the payment queries may be passed to the originator for resolution
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.
❌
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.
✅
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.
❌
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?
❌
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
CAPQUEST DEBT RECOVERY LIMITED is a leading debt recovery company based in the United Kingdom. The company specializes in helping individuals and businesses manage and recover outstanding debts. Their sustainability program focuses on responsible and ethical debt collection practices, taking into consideration the financial circumstances of their clients.
The company offers a wide range of services, including debt collection, credit management, and legal services. They work with clients across various industries, including banking, telecommunications, and utilities. Their team of experienced professionals uses advanced technology and data analytics to provide efficient and effective debt recovery solutions.
The key people at CAPQUEST DEBT RECOVERY LIMITED include CEO, Andy Parker, and Managing Director, Tim Ryan. Both have extensive experience in the financial services industry and are committed to delivering exceptional customer service.
The company's website, www.capquest.co.uk, provides detailed information about their services, as well as useful resources for managing debt. They also have a dedicated customer portal for clients to track their accounts and make payments.
CAPQUEST DEBT RECOVERY LIMITED is registered at 1st Floor, Bartley Wood Business Park, Bartley Way, Hook, Hampshire, RG27 9XA. They are committed to sustainable business practices and have been awarded the ISO 27001 certification for information security management.
In summary, CAPQUEST DEBT RECOVERY LIMITED is a reputable and sustainable debt recovery company that provides a wide range of services to help individuals and businesses manage their debts. With a focus on responsible practices and a team of experienced professionals, they are dedicated to delivering effective solutions for their clients.
