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.
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.
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.
| 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 |
This information is as reported by the business, and responses are in their own words.
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
https://www.justgroupplc.co.uk/site-services/search-results?Domain=all&ResultPage=1&query=policies&searchphrase=exact
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
Partnership Home Loans Limited is a UK-registered company classified under credit granting by non-deposit taking finance houses and other specialist consumer credit grantors. Companies House records show it as an active entity with this registered activity. The company's registered office matches that of Just Group plc, a FTSE-listed financial services group formed in April 2016 from the merger of Just Retirement Group and Partnership Assurance Group. The group's own website describes group companies specialising in retirement income, lifetime mortgages, equity release and care fee plans, but does not itself set out Partnership Home Loans Limited's specific trading activity beyond its registered credit-granting classification, indicating it operates as part of this wider financial services group rather than as an independently described trading business.
Generated from the company's website and Companies House records. Sources: partnership.co.uk