SYKES COTTAGES LTD
Company Information
- Company Number
- 04469189
- Registered Address
- Sykes Cottages Ltd One City Place, Queens Road, Chester, Cheshire, United Kingdom, CH1 3BQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 June 2002
- Nature of Business
- 79909 - Other reservation service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
SYKES COTTAGES LTD exhibits a strong trend of very fast payments, averaging just 9 days per invoice. A remarkable 97% of invoices are settled within 30 days, indicating consistent promptness in their payment trajectory. This data suggests a highly reliable pattern of quick settlement for suppliers.
Volatility Analysis
Payment behavior shows minimal volatility and high predictability; only 3% of payments extend beyond 30 days (2% at 31-60 days, 1% over 60 days). Despite 17% being technically "late," the distribution clearly indicates these delays are rarely significant, minimizing financial risk for suppliers. This robust profile suggests high reliability in meeting payment obligations.
Summary Analysis
Overall, SYKES COTTAGES LTD demonstrates excellent payment hygiene, with an average payment time of 9 days and 97% paid within 30 days. Suppliers can confidently offer standard credit terms, expecting consistent and prompt settlement of invoices. There is minimal financial risk associated with this client's payment performance, making them a highly favorable partner.
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 2025 - 30 Sept 2025 | 28 Oct 2025 | 9 | 97% | 2% | 1% | 17% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 11 | 96% | 3% | 1% | 21% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 8 | 96% | 3% | 1% | 13% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 11 | 93% | 5% | 2% | 20% |
| 01 Apr 2023 - 30 Sept 2023 | 24 Oct 2023 | 12 | 94% | 5% | 1% | 30% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 15 | 91% | 6% | 3% | 35% |
| 01 Apr 2022 - 30 Sept 2022 | 27 Oct 2022 | 15 | 92% | 5% | 3% | 35% |
| 01 Oct 2021 - 31 Mar 2022 | 26 Apr 2022 | 19 | 86% | 9% | 6% | 42% |
| 01 Apr 2021 - 30 Sept 2021 | 29 Oct 2021 | 14 | 93% | 5% | 2% | 35% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 19 | 89% | 7% | 4% | 33% |
| 01 Apr 2020 - 30 Sept 2020 | 01 Nov 2020 | 16 | 91% | 6% | 3% | 32% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 18 | 90% | 6% | 4% | 32% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Oct 2019 | 20 | 87% | 9% | 4% | 33% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 23 | 82% | 13% | 6% | 33% |
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
Sykes Cottages Ltd operates a default generic payment terms of 30 days for trade suppliers unless otherwise agreed prior to engagement. Sub contracted cleaning and maintenance suppliers work on 7, 14 and 30 day terms. There are a limited number of suppliers on 60 day terms.
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
Any disputes are directed to the Finance department who will work with the supplier to resolve any service or payment issues in a timely manner.
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
SYKES COTTAGES LTD is an active private limited company
Based on its name, the company operates within the sector of holiday cottages
The company was incorporated on 25 June 2002, operating under company number 04469189
Its registered office is located at One City Place, Queens Road, Chester, Cheshire, United Kingdom, CH1 3BQ, within the North West region
Typically, private limited companies specialising in holiday cottages in the UK market provide services such as holiday property rentals, booking platforms, and property management for owners
These organisations often facilitate short-term accommodation bookings for customers seeking holiday lets
