PARTNERSHIP HOME LOANS LIMITED
Company Information
- Company Number
- 05108846
- Registered Address
- Enterprise House, Bancroft Road, Reigate, Surrey, England, RH2 7RP
- Status
- Active
- Employee Count
- 0
- Turnover
- £491,588
- EBITDA
- £6,893
Additional Details
- Website
- https://partnership.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 22 April 2004
- Nature of Business
- 64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
- Industries
- Financial Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for Partnership Home Loans Limited to pay invoices has significantly decreased from 32 days in 2018 to 18 days in the first half of 2019. However, there is a gap in the data for the second half of 2019 and the first half of 2020, so it is difficult to determine if this trend has continued.
Volatility Analysis
The data for Partnership Home Loans Limited shows some volatility in terms of the percentage of invoices paid within 30 days and between 31 and 60 days. In the first half of 2019, the percentage of invoices paid within 30 days increased from 73% to 77%, while the percentage of invoices paid between 31 and 60 days decreased from 14% to 6%. This could suggest that the company has made efforts to pay invoices earlier. However, the data also shows a slight increase in the percentage of invoices paid later than 60 days, from 14% to 17%, which could indicate some difficulty in managing payments during this period.
Summary Analysis
In the first half of 2019, Partnership Home Loans Limited showed improvements in their payment process, with the average time taken to pay invoices decreasing from 32 days to 18 days. This was also reflected in the increase in the percentage of invoices paid within 30 days from 73% to 77%. However, there was also a slight increase in the percentage of invoices paid later than 60 days, from 14% to 17%, which could indicate some challenges in managing payments during this period.
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 Jan 2020 - 30 Jun 2020 | 15 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 17 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 18 | 77% | 6% | 17% | 23% |
| 01 Jan 2018 - 31 Dec 2018 | 31 Jan 2019 | 32 | 73% | 14% | 14% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 |
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 terms used
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
https://www.justgroupplc.co.uk/site-services/search-results?Domain=all&ResultPage=1&query=policies&searchphrase=exact
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.
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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
Partnership Home Loans Limited is a UK-based financial institution that specializes in providing sustainable mortgage solutions to its customers. Founded in 2005, the company has become a prominent player in the mortgage market, known for its commitment to sustainability and innovative products.
The company's sustainability program focuses on responsible lending practices and ethical investments. Partnership Home Loans Limited ensures that all their mortgages are affordable and responsibly underwritten, taking into account the borrower's financial situation and their ability to repay the loan. The company also invests in green initiatives and supports environmentally friendly practices.
Partnership Home Loans Limited offers a range of products and services, including lifetime mortgages, interest-only mortgages, and retirement mortgages. These mortgage solutions are tailored to meet the needs of older borrowers and retirees, providing them with financial stability and security in their later years.
The company is led by a team of experienced professionals, including Peter Harrison as the Chief Executive Officer and Mark Parker as the Chief Financial Officer. Together, they have led the company to success and have established a strong reputation in the mortgage industry.
Partnership Home Loans Limited can be contacted through their website, which provides information about their products and services, as well as a customer portal for managing mortgage accounts. The company's registered office address is located in London, UK.
In summary, Partnership Home Loans Limited is a sustainable mortgage provider that offers innovative products and services to its customers. With a strong focus on responsible lending and ethical investments, the company strives to make a positive impact in the mortgage market.
