SAXON WEALD HOMES LIMITED

Company Information

Company Number
03847737
Registered Address
Saxon Weald House, 38-42 Worthing Road, Horsham, West Sussex, RH12 1DT
Status
Converted / Closed
Employee Count
230
Turnover
£48,547,000
EBITDA
£23,760,000

Additional Details

Company Type
Converted/closed company
Incorporated On
24 September 1999
Nature of Business
68201 - Renting and operating of Housing Association real estate
Industries
Property
Region
South East

Time to Pay

Average Time to Pay
15 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
96%
31-60 Days
3%
After 60 Days
1%
Not Paid Within Terms14%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Purchase ledger payment terms adopted by Saxon Weald Homes Ltd are for invoices to be settled on the next payment run following the credit terms requested by the respective supplier. These terms range from immediate payment, to 30 days following the invoice date. Consequently, when the invoice is approved by the appropriate delegated authority, it is allocated for payment accordingly. If there is money owed by a supplier (i.e. credit notes) then invoices may be held on the system until the value of the invoices exceeds the value of credit owed by the supplier.

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

Dispute Resolution Process

The company is committed to dealing with its suppliers in a fair, honest and professional manner while seeking best value for the business. We seek to resolve queries as quickly as possible to everyone’s satisfaction prior to payment being made. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalate in the first instance to the relevant Head of Department to seek a 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

SAXON WEALD HOMES LIMITED is a UK-based housing association that provides affordable housing and services to communities across the South East of England. The company was founded in 2000 and is headquartered in Horsham, West Sussex.

The company's main objective is to provide high-quality, affordable homes to those in need, while also promoting sustainability and community development. As part of their sustainability program, they have implemented various initiatives such as energy-efficient building practices, recycling programs, and community engagement projects.

SAXON WEALD HOMES LIMITED offers a range of products and services, including rental properties, shared ownership schemes, and independent living options for the elderly and disabled. They also provide support services such as repairs and maintenance, financial advice, and community events.

The key people at SAXON WEALD HOMES LIMITED include the Chief Executive Officer, Chairman, and Board of Directors who are responsible for the overall management and strategic direction of the company.

For more information on the company and its services, interested individuals can visit their website at www.saxonweald.com. The registered office address for SAXON WEALD HOMES LIMITED is 38-42 Worthing Road, Horsham, West Sussex, RH12 1DT.

In conclusion, SAXON WEALD HOMES LIMITED is a reputable and socially responsible housing association, dedicated to providing affordable and sustainable homes for communities in the South East of England. Their commitment to sustainability and community development sets them apart as a leader in the UK housing sector.

Financial Metrics

Cash
£10,913,000
Net Worth
£109,500,000
Total Current Assets
£19,841,000
Total Current Liabilities
£12,646,000

Company Location