PEABODY (SERVICES) LIMITED
Company Information
- Company Number
- 04627652
- Registered Address
- 45 Westminster Bridge Road, London, SE1 7JB
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- -£80,000
- EBITDA
- £2,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 January 2003
- Nature of Business
- 68201 - Renting and operating of Housing Association real estate
- Industries
- Property
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
PEABODY (SERVICES) LIMITED demonstrates an average payment time of 53 days, indicating a consistent trend of payments frequently extending beyond standard 30-day terms. While 52% of payments are made within 30 days, a substantial 28% consistently extends beyond 60 days, suggesting a trajectory where a significant portion of invoices experiences delayed settlement.
Volatility Analysis
The notable split between 52% paid within 30 days and 28% paid over 60 days indicates significant volatility and unpredictability in payment timing. With 48% of all payments being late, suppliers face an elevated risk of inconsistent cash flow, making reliable financial forecasting challenging due to this payment pattern.
Summary Analysis
Suppliers should anticipate extended payment cycles and a high likelihood of late payments when engaging with PEABODY (SERVICES) LIMITED, averaging 53 days with nearly half being late. Key decision factors include a supplier's capacity to absorb payment delays and the necessity to manage working capital effectively, potentially by adjusting credit terms or factoring in the average payment duration into pricing.
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 2018 - 30 Sept 2018 | 30 Oct 2018 | 22 | 85% | 5% | 10% | 15% |
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
The maximum standard payment term is 30 days however there are agreements in place for 1 / 7 / 14 day payments as well as ad hoc same day payments as required. Peabody Services Ltd operate a No PO no Pay policy and operate a three way match on all invoices. Payment will be issued 30 days from the initial invoice date subject to a relevant goods receipt notice being placed by Peabody Services Ltd staff confirming that the Goods / Services or Works have been delivered successfully. Full details of our payment policy and terms can be found here: https://www.peabody.org.uk/media/8140/purchase-of-goods-services-terms-and-conditions.pdf
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
. The process for resolving disputes related to payments is listed below, each escalation stage enables a higher threshold of authority so escalations will vary dependant on the payment dispute value. a. Invoice sent to correct address: FAO Group Payments Peabody Services Limited, 45 Westminster Bridge Road SE1 7JB b. Stage 1 – enquiry sent to finance.payments@peabody.org.uk c. Stage 2 – Escalation to Group Payments manager Mark Barrett. d. Stage 3 – Escalation to the Head of Procurement and Payments Jody Adams. e. Stage 4 – Escalation to Finance Director Amanda Holgate. f. Stage 5 – Escalation to Chief Financial Officer Susan Hickey.
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
PEABODY (SERVICES) LIMITED is an active private limited company. As indicated by its name, this organisation specialises in the provision of services.
The company was incorporated in the UK on 3 January 2003, operating under company number 04627652. Its registered office is located at 45 Westminster Bridge Road, London, SE1 7JB.
Companies operating as "services" organisations typically provide intangible offerings rather than physical products. These can encompass a broad range of professional support, management, or specialised expertise delivered to clients in the UK market.
