PETERBOROUGH PRISON MANAGEMENT HOLDINGS LIMITED

Company Information

Company Number
04350294
Registered Address
1 Park Row, Leeds, United Kingdom, LS1 5AB
Status
Active
Employee Count
0
Turnover
£55,640,000
EBITDA
£6,837,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 January 2002
Nature of Business
64209 - Activities of other holding companies not elsewhere classified
84230 - Justice and judicial activities
Industries
Professional Services
Region
Yorkshire and The Humber

Time to Pay

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

Payment Timeline

Within 30 Days
21%
31-60 Days
72%
After 60 Days
7%
Not Paid Within Terms7%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-02-04
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2019 - 30 Sept 201904 Feb 20203550%39%11%11%
01 Oct 2018 - 31 Mar 201904 Feb 20205236%39%25%25%
01 Apr 2018 - 30 Sept 201804 Feb 20204221%72%7%7%

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

All invoices paid within 30 days providing they are not disputed or need to be agreed between relevant parties. SPV PFI project company which means many costs are pass-through and payment cannot be made until an agreement between our "supplier" and "customer".

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

PFI SPV company. All significant costs are pass-throughs and therefore disputes would be resolved between the "supplier" and "customer". Finance Manager of the SPV will mediate any dispute if necessary.

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

PETERBOROUGH PRISON MANAGEMENT HOLDINGS LIMITED is a privately-owned company that manages Peterborough Prison, a Category B men's prison located in Cambridgeshire, England. The company is responsible for the day-to-day operations of the prison, as well as the welfare and rehabilitation of its inmates.

One of the key initiatives of PETERBOROUGH PRISON MANAGEMENT HOLDINGS LIMITED is their sustainability program. The company is committed to reducing their environmental impact through various measures such as waste reduction, energy efficiency, and promoting sustainable practices among staff and inmates.

In terms of products and services, the company provides a range of educational and vocational opportunities for inmates, including academic courses, vocational training, and work opportunities within the prison. They also offer programs to support inmates in their rehabilitation and reintegration into society upon release.

The key people at PETERBOROUGH PRISON MANAGEMENT HOLDINGS LIMITED include the Director of Operations, who oversees the day-to-day management of the prison, and the Director of Rehabilitation, who is responsible for the rehabilitation programs offered to inmates.

For more information about PETERBOROUGH PRISON MANAGEMENT HOLDINGS LIMITED, their website address is https://www.serco.com/uk/sector-expertise/justice/peterborough-prison-management-holdings-limited. Their registered office address is Serco House, 16 Bartley Wood Business Park, Bartley Way, Hook, Hampshire, RG27 9UY.

Financial Metrics

Cash
£9,207,000
Net Worth
£4,088,000
Total Current Assets
£20,832,000
Total Current Liabilities
£13,324,000

Company Location