The data for UPPERBAY LIMITED shows a steady increase in the average time taken to pay invoices over the past three periods. The company's performance was at its best in 2018-2019, with an average time to pay of 27 days. However, since then, there has been a gradual increase in the average time to pay, reaching 38.4 days in the most recent period (2021-2022). This indicates a potential issue with the company's cash flow and ability to pay suppliers on time.
The volatility of UPPERBAY LIMITED's payment patterns is relatively stable, with only a slight increase in the percentage of invoices paid later than 60 days over the past three periods. However, the company's performance in paying invoices within the agreed terms has declined, with a 5.9% increase in the most recent period compared to the previous period. This could be a cause for concern, as it suggests a decrease in the company's ability to manage its cash flow effectively.
From the data provided, it is evident that UPPERBAY LIMITED's performance in paying invoices has declined over the past three periods. The company's average time to pay has increased from 27 days in 2018-2019 to 38.4 days in 2021-2022, indicating potential issues with cash flow management. Additionally, the percentage of invoices paid within 30 days has also decreased, while the percentage of invoices paid later than 60 days has increased slightly.
| 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 2022 - 31 Dec 2022 | 27 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 |
Upperbay Limited is a registered UK company whose stated business, holiday parks and camping/caravan site operation, aligns with the Parkdean Resorts group. Evidence gathered relates to Parkdean Resorts, described on its own website as the operator of holiday parks across England, Scotland and Wales, formed in 2015 from the merger of Parkdean Holidays and Park Resorts. The group provides self-catering holiday accommodation including caravans, lodges, chalets and glamping, plus touring and camping pitches, and sells static caravans and lodges for holiday home ownership. Upperbay Limited's own registered activity is classified under recreational vehicle and camping ground operation, indicating it forms part of this wider group structure rather than trading independently under its own name to the public.
Generated from the company's website and Companies House records. Sources: parkdeanresorts.co.uk · parkdeanresorts.co.uk