INCOMMUNITIES GROUP LIMITED

PaymentCheck Score 2021
85Good
New Entry
#1470 in UK
#57 in Yorkshire and The Humber

Company Information

Company Number
04221767
Registered Address
The Quays, Victoria Street, Shipley, West Yorkshire, BD17 7BN
Status
Converted / Closed
Employee Count
Coming Soon
Turnover
Coming Soon
EBITDA
Coming Soon

Additional Details

Company Type
Converted/closed company
Incorporated On
22 May 2001
Nature of Business
55900 - Other accommodation
Industries
Coming Soon
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
23 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
93%
31-60 Days
5%
After 60 Days
2%
Not Paid Within Terms28%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2021-10-26
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2021 - 30 Sept 202126 Oct 20212393%5%2%28%
01 Oct 2020 - 31 Mar 202130 Apr 20212979%18%3%18%
01 Apr 2019 - 30 Sept 201914 Nov 20192290%7%3%38%
01 Apr 2018 - 30 Sept 201830 Oct 20181892%6%2%48%

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

Payment terms are 7,14,21,28,30 days. The vast majority of suppliers are now on 30 days terms and account for 80% of the total payments value. We also have suppliers who are paid by direct debit Maximum contractual payment period agreed 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

Dispute Resolution Process

Disputes or complaints can be received by the supplier contact or directly to the finance team. First course of action is to investigate if there is any reason for delay such as goods not receipted, pricing discrepancy, payment error. If any such issues are preventing payment and affecting ongoing service, the issue is referred to the Director of Financial Services to make a decision regarding resolution. In the reporting period there has not been a need for any further action. We endeavor to investigate immediately and to keep the supplier informed of progress. We run payments twice a month and have capacity to run ad-hoc payments as necessary and by whatever payment necessary, i.e. BACS, same day, faster payment, to expedite 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

INCOMMUNITIES GROUP LIMITED was a company that operated within the communities sector. As a converted/closed company, it is no longer actively trading under this name or status.

The company was incorporated on 22 May 2001, registered under company number 04221767. Its registered office was located at The Quays, Victoria Street, Shipley, West Yorkshire, BD17 7BN, situating its operations within the Yorkshire region.

Companies named as a "Communities Group" typically specialise in a range of services aimed at community development and support within the UK market. These services often include social housing initiatives, local regeneration projects, and providing various community engagement programmes.

Financial Metrics

Cash
£13,900,000
Net Worth
£114,600,000
Total Current Assets
£22,300,000
Total Current Liabilities
£11,600,000

Company Location