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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
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 information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
30
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
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
CapQuest Debt Recovery Limited is a debt collection and recovery business registered in Manchester. It manages repayment of defaulted and active credit agreement debts, offering customers payment plans, card payments and income and expenditure tools through its online account service. The company states that it works with customers to find suitable repayment solutions and signposts independent debt advice organisations. In June 2024, CapQuest became part of the Intrum Group, a debt management group, with the entity continuing to operate under the CapQuest name for existing customer accounts. It handles matters such as notices of assignment, changes of permissions, and refunds arising from overpayments or balance adjustments.
Generated from the company's website and Companies House records. Sources: capquest.co.uk