The average payment time for UPP RESIDENTIAL SERVICES LIMITED is 34 days, indicating a general tendency to pay just outside typical 30-day terms. While 61% of payments are made within 30 days, a substantial 30% fall into the 31-60 day bracket, suggesting a consistent pattern of slightly delayed but not excessively late payments for a portion of invoices. This trajectory indicates a mixed payment speed, with a tendency for payments to extend slightly beyond one month.
The payment profile shows some volatility, with 9% of payments extending beyond 60 days and a 15% late payment rate. This suggests a degree of unpredictability for a significant minority of transactions, making it challenging to consistently forecast exact payment dates for all invoices. Suppliers should be aware that while most payments are timely, there is a measurable risk of extended delays for some invoices.
UPP RESIDENTIAL SERVICES LIMITED generally pays in a reasonable timeframe, with 61% within 30 days, but suppliers should note the 15% late payment rate and 9% exceeding 60 days. Key decision factors include the potential for cash flow impact due to these longer payment cycles for a portion of invoices. To mitigate risk, suppliers might consider establishing clear payment terms, actively monitoring overdue invoices, or negotiating partial upfront payments for larger engagements.
| 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 Sept 2024 - 28 Feb 2025 | 20 Mar 2025 | 34 | 61% | 30% | 9% | 15% |
| 01 Sept 2023 - 29 Feb 2024 | 20 Mar 2024 | 42 | 54% | 30% | 16% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company shall pay the Supplier the Purchase Order Price in respect of Goods and/or Services which have been delivered and accepted in accordance with these conditions and for which the Company has received a valid and correct invoice 60 (sixty) days from the end of the month in which the invoice is dated.
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
91
We engage with suppliers constructively with all invoices that are under dispute. Invoices should be presented promptly to the address indicated on the purchase order and must contain a valid purchase order number. If invoices are non-compliant, they will be returned unprocessed, which may impact the payment date. We endeavour to resolve any disputes in a fair and timely manner. In the event of specific dispute, the supplier should contact the individual who is the main point of contact as identified on the purchase order. Payment will be made when the dispute is resolved.
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
UPP RESIDENTIAL SERVICES LIMITED is an active private limited company operating within the residential services sector. Its business activities are centred on providing services for residential properties.
Incorporated on 19 January 2005, UPP RESIDENTIAL SERVICES LIMITED holds company number 05337048. Its registered office is situated at First Floor, 12 Arthur Street, London, England, EC4R 9AB, confirming its London location.
In the UK market, a company named "Residential Services Limited" typically provides a range of support functions for residential properties and their occupants. These services can include property management, building maintenance, cleaning, landscaping, and concierge services, addressing various aspects of residential living.