Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 97.4/100 qualifies for PaymentCheck Certification
Keystone Developments consistently demonstrates excellent payment speed, averaging 18 days per invoice. A significant 95% of payments are settled within 30 days, indicating a strong positive trend in their financial discipline and operational efficiency.
The payment profile for Keystone Developments shows very low volatility and high predictability, with 99% of payments processed within 60 days. Only 1% of payments extend beyond 60 days, indicating minimal risk and high reliability for suppliers. The reported 0% late payment rate further underscores their consistent adherence to payment terms.
Keystone Developments presents as a highly reliable and low-risk client, demonstrating excellent payment speed and predictability. Suppliers can confidently expect timely payments, significantly improving their own cash flow management. No specific risk mitigation strategies are recommended beyond standard business practices, given the company's strong payment 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 Oct 2023 - 31 Mar 2024 | 02 May 2024 | 18 | 97% | 3% | 0% | 1% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 18 | 95% | 4% | 1% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 03 Apr 2023 | 18 | 97% | 1% | 1% | 2% |
| 01 Apr 2022 - 30 Sept 2022 | 04 Oct 2022 | 26 | 87% | 11% | 3% | 2% |
| 01 Oct 2021 - 31 Mar 2022 | 11 Apr 2022 | 19 | 89% | 9% | 3% | 4% |
| 01 Apr 2021 - 30 Sept 2021 | 04 Oct 2021 | 33 | 80% | 13% | 7% | 4% |
| 01 Oct 2020 - 31 Mar 2021 | 06 Apr 2021 | 34 | 83% | 10% | 7% | 2% |
| 01 Apr 2020 - 30 Sept 2020 | 09 Oct 2020 | 34 | 79% | 10% | 11% | 3% |
| 01 Oct 2019 - 31 Mar 2020 | 14 Apr 2020 | 27 | 77% | 16% | 7% | 5% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 29 | 81% | 12% | 7% | 43% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 26 | 87% | 8% | 5% | 46% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 36 | 60% | 24% | 16% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
negotiate with supplier
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Keystone Developments (LG) Limited trades as Keystone and builds and develops new homes across the East of England. It is part of Longhurst Group, working within that wider organisation's housing operations. The company's developments include homes for first-time buyers, executive family homes and retirement schemes such as bungalows, with an emphasis on design tailored to residents' needs from initial build through to long-term management. Its registered activities cover construction of domestic buildings and the letting and operation of its own or leased real estate, reflecting both the building of new homes and their ongoing management once completed.
Generated from the company's website and Companies House records. Sources: keystonedevelopments.co.uk · keystonedevelopments.co.uk