MAGENTA LIVING
Company Details
Registration Number
04912562
Registered Address
Partnership Building Hamilton Street Birkenhead Merseyside CH41 5AA
Company Status
Active
Employee Count
560
Turnover
£69,604,000
EBITDA
£11,704,000
Additional Information
Website
www.magentaliving.org.uk/Company Type
Private Limited Company by guarantee without share capital use of 'Limited' exemption
Incorporated on
26 September 2003
Nature of Business (SIC)
68201 - Renting and operating of Housing Association real estate
Industries
0
Region
North WestCompany Location
Financial Overview
£14,127,000
£180,488,000
Last Reporting Period
Filed
12 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
43 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
36%
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 30 Sep 2023 | 12 Oct 2023 | 43 | 64% | 20% | 15% | 36% |
| 01 Oct 2022 - 31 Mar 2023 | 25 Apr 2023 | 42 | 67% | 20% | 13% | 33% |
| 01 Apr 2022 - 30 Sep 2022 | 18 Oct 2022 | 41 | 76% | 14% | 10% | 24% |
| 01 Oct 2021 - 31 Mar 2022 | 06 May 2022 | 36 | 76% | 15% | 9% | 24% |
| 01 Apr 2021 - 30 Sep 2021 | 29 Oct 2021 | 21 | 88% | 7% | 5% | 12% |
| 01 Oct 2020 - 31 Mar 2021 | 19 Apr 2021 | 9 | 99% | 1% | 0% | 1% |
| 01 Apr 2020 - 30 Sep 2020 | 20 Oct 2020 | 17 | 92% | 4% | 4% | 8% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 37 | 71% | 16% | 13% | 29% |
| 01 Apr 2019 - 30 Sep 2019 | 30 Oct 2019 | 28 | 80% | 14% | 6% | 20% |
| 01 Oct 2018 - 31 Mar 2019 | 07 May 2019 | 41 | 72% | 15% | 13% | 28% |
| 01 Apr 2018 - 30 Sep 2018 | 31 Oct 2018 | 30 | 77% | 16% | 7% | 23% |
Company Summary
MAGENTA LIVING is a registered social landlord based in Wirral, UK, providing affordable housing and services to over 13,000 homes in the area
The organization is committed to sustainability and has implemented various initiatives to reduce their environmental impact
Their sustainability program includes energy-efficient measures such as solar panels, LED lighting, and insulation in their properties
They also promote recycling and waste reduction among their residents and have a green procurement policy for their own operations
In addition to housing, MAGENTA LIVING offers a range of services including repairs and maintenance, community events and activities, and support for vulnerable residents
They also have a dedicated team for employment and training opportunities, helping people in the community to build skills and find employment
The key people at MAGENTA LIVING include CEO Brian Simpson, who has over 30 years of experience in the housing sector, and Board Chair Mark Armstrong, a retired senior police officer with extensive knowledge in governance and risk management
For more information on their services, sustainability program, and key people, visit their website at www.magentaliving.org.uk
Their registered office address is 24 Brook Street, Wallasey, Wirral, CH44 2BY
Overall, MAGENTA LIVING is actively working towards creating sustainable and thriving communities in Wirral
Company Review
Trend Analysis
The average time taken for MAGENTA LIVING to pay invoices has fluctuated over the past three periods, with the highest average of 43 days in 2023-04-01 to 2023-09-30 and the lowest average of 9 days in 2020-10-01 to 2021-03-31.
Volatility Analysis
The volatility of MAGENTA LIVING's payment time has decreased over the past three periods, with a difference of 34 days between the highest and lowest averages in 2023-04-01 to 2023-09-30 compared to a difference of 8 days in 2020-10-01 to 2021-03-31.
Summary Analysis
In the past three periods, MAGENTA LIVING has shown a decrease in the average time taken to pay invoices, with the lowest average of 17 days in 2020-04-01 to 2020-09-30 and an increase in the percentage of invoices paid within 30 days, with the highest percentage of 99% in 2020-10-01 to 2021-03-31. However, there has been an increase in the percentage of invoices paid later than 60 days, with the highest percentage of 15% in 2022-10-01 to 2023-03-31. The company has consistently maintained a standard payment period of 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
https://www.magentaliving.org.uk/download.cfm?ver=7150
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Delays were due to systems issues
Maximum contractual payment period agreed
30
Dispute Resolution Process
https://www.magentaliving.org.uk/download.cfm?ver=7151
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?
❌
