The average time taken for LONGHURST GROUP LIMITED to pay invoices has increased over the past three periods, with the average time increasing from 36 days in the first period to 40 days in the most recent period. This suggests that the company may be experiencing some financial difficulties or delays in payment processing.
The percentage of invoices paid within 30 days has remained relatively stable over the past three periods, with a slight decrease of 2% from the first period to the most recent period. However, there has been a 4% increase in the percentage of invoices paid between 31 and 60 days, and a 2% decrease in the percentage of invoices paid later than 60 days. This indicates that there may be some inconsistency in the company's payment processes.
For LONGHURST GROUP LIMITED, the average time taken to pay invoices has increased from 36 days to 40 days over the past three periods. The percentage of invoices paid within 30 days has remained relatively stable at around 70%, while the percentage of invoices paid between 31 and 60 days has increased by 4%. The percentage of invoices paid later than 60 days has decreased by 2%. However, the company is still struggling to pay invoices within the agreed terms, with 10% of invoices not being paid within the agreed time frame.
| 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 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 36 | 71% | 19% | 10% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30days
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
Disputes are dealt with by the department that have organised the purchase of the goods or service.
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
LONGHURST GROUP LIMITED is a converted / closed converted/closed company, incorporated on 23 March 2000, based in the West Midlands region. Registered business activity: Renting and operating of Housing Association real estate.
From Companies House records.