LONGHURST GROUP LIMITED
Company Information
- Company Number
- 03958380
- Registered Address
- 50 Newhall Hill, Birmingham, England, B1 3JN
- Status
- Converted / Closed
- Employee Count
- 974
- Turnover
- £145,602,000
- EBITDA
- £87,063,000
Additional Details
- Website
- https://www.axiomha.org.uk/
- Company Type
- Converted/closed company
- Incorporated On
- 23 March 2000
- Nature of Business
- 68201 - Renting and operating of Housing Association real estate
- Industries
- Property
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 36 | 71% | 19% | 10% | 34% |
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
30days
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
Disputes are dealt with by the department that have organised the purchase of the goods or service.
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.
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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.
❌
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
LONGHURST GROUP LIMITED is a UK-based housing association that provides affordable homes and support services to people in need. The company was founded in 1999 and is headquartered in Nottingham.
The company's main activity is to acquire, develop, and manage affordable housing properties, with a focus on supporting vulnerable and disadvantaged individuals and families. They currently have over 22,000 homes in their portfolio, spread across the East Midlands, East of England, and the South East of England.
LONGHURST GROUP LIMITED is committed to sustainability and has a comprehensive sustainability program in place. This includes reducing their carbon footprint, promoting energy efficiency, and using sustainable materials in their construction projects. They also aim to create sustainable communities by promoting social inclusion and providing support services to their residents.
The company offers a range of products and services, including social housing, shared ownership, and affordable rent properties. They also provide support services such as employment and training, financial advice, and community initiatives to help their residents thrive.
Some key people in LONGHURST GROUP LIMITED include the CEO, Julie Doyle, and the Chair of the Board, Andy Orrey. They have a team of experienced professionals who are dedicated to providing high-quality homes and services to their residents.
The company's website, www.longhurst-group.org.uk, provides detailed information about their services, properties, and sustainability efforts. Their registered office address is Longhurst Group, 3rd Floor, Gateway House, Westgate, Grantham, Lincolnshire, NG31 6LT.
In conclusion, LONGHURST GROUP LIMITED is a socially responsible company that provides affordable homes and support services to improve the lives of individuals and families. Their commitment to sustainability and dedication to their residents make them a reputable and trusted housing association in the UK.
