ANCHOR CAREHOMES LIMITED
Company Information
- Company Number
- 04598002
- Registered Address
- The Heals Building Suites A & B, Torrington Place, London, WC1E 7HJ
- Status
- Dissolved
- Employee Count
- 1,320
- Turnover
- £37,424,000
- EBITDA
- £4,704,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 22 November 2002
- Nature of Business
- 87300 - Residential care activities for the elderly and disabled
- Industries
- Care Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
ANCHOR CAREHOMES LIMITED consistently exhibits an average payment time of 52 days, indicating a clear trend of settling invoices beyond typical 30-day terms. The significant majority of payments (52%) fall within the 31-60 day window, suggesting a predictable trajectory where invoices are typically settled in the second month.
Volatility Analysis
With 78% of payments classified as late, ANCHOR CAREHOMES LIMITED demonstrates considerable unreliability in adhering to agreed payment schedules, posing a predictable risk for suppliers. While most late payments occur within 60 days, the 6% extending beyond 60 days introduces a degree of unpredictable, longer delays, impacting cash flow stability.
Summary Analysis
Suppliers should anticipate ANCHOR CAREHOMES LIMITED payments to consistently exceed 30-day terms, averaging 52 days and with a high probability of being late. It is recommended to factor in extended payment cycles and potential cash flow impacts when setting credit terms or pricing. Consider implementing stricter payment terms or late payment penalties to mitigate associated risks.
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 2021 - 30 Sept 2021 | 21 Oct 2021 | 52 | 42% | 52% | 6% | 78% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 61 | 41% | 45% | 14% | 88% |
| 01 Apr 2020 - 30 Sept 2020 | 23 Oct 2020 | 57 | 36% | 51% | 13% | 89% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 68 | 32% | 58% | 10% | 93% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 62 | 24% | 68% | 8% | 92% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 57 | 28% | 60% | 12% | 87% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 59 | 31% | 56% | 13% | 84% |
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
30 days from End of Month in which the invoice is received
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
In the first instance, the Purchase Ledger team will try to resolve disputed relating to payments. In the event that this is not successful, an escalation will take place into the Procurement team, starting with Category Managers and then ultimately the Head of Procurement. Details of where suppliers should issue invoices to are included within the standard contractual terms.
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?
❌
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
ANCHOR CAREHOMES LIMITED was a private limited company established to operate care homes. Its core business involved providing residential care services within the UK market.
Incorporated on 22 November 2002, the company was assigned company number 04598002. It was registered in London, with its registered office located at The Heals Building Suites A & B, Torrington Place, London, WC1E 7HJ. The company is currently dissolved.
Care home companies in the UK typically provide accommodation, personal care, and support for elderly or vulnerable individuals. These services commonly include daily meals, assistance with routine activities, and organised social programmes to ensure residents' well-being.
