CARETECH HOLDINGS LIMITED
Company Information
- Company Number
- 04457287
- Registered Address
- 4th Floor, Parkview, 82 Oxford Road, Uxbridge, England, UB8 1UX
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- £200,000
- EBITDA
- -£4,225,000
Additional Details
- Website
- https://greenfields.uk.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 June 2002
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Care Services
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
CARETECH HOLDINGS LIMITED exhibits an average payment time of 25 days, with 66% of invoices settled within 30 days, which is generally acceptable for standard terms. However, a significant 32% of payments are classified as late, indicating a consistent portion of invoices are not adhering to initial payment schedules.
Volatility Analysis
The payment reliability shows some variability, with 34% of invoices extending beyond 30 days, suggesting a degree of unpredictability for suppliers. Specifically, 21% of payments fall into the 31-60 day range, and a notable 13% extend beyond 60 days, introducing higher cash flow risk for extended periods.
Summary Analysis
Suppliers should approach CARETECH HOLDINGS LIMITED with awareness of potential payment delays, particularly given the 32% late payment rate and 13% extending past 60 days. It is recommended to establish robust payment terms, actively monitor invoice due dates, and consider credit limits or milestone payments to mitigate potential working capital impacts.
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 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 25 | 66% | 21% | 13% | 32% |
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
Standard payment terms are 30 days from approval of invoices
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
60
Dispute Resolution Process
Our aim is to respond to queries within 5 working days
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.
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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
Company Summary
CARETECH HOLDINGS LIMITED is an active private limited company. As a holdings company, its primary function is to manage investments. Its name signifies that these investment activities are focused within the care and technology sectors.
Incorporated on 10 June 2002, CARETECH HOLDINGS LIMITED operates as an active private limited company with company number 04457287. Its registered office is located at 4th Floor, Parkview, 82 Oxford Road, Uxbridge, England, UB8 1UX.
In the UK market, a holdings company typically engages in the acquisition and management of shares in other companies. These companies operate by controlling subsidiary businesses, often providing strategic oversight and financial management rather than directly offering products or services to end customers.
