ACENDEN LIMITED
Company Details
Registration Number
05381786
Registered Address
1 Chamberlain Square Cs Birmingham United Kingdom B3 3AX
Company Status
Active
Employee Count
0
Turnover
£0
EBITDA
£0
Additional Information
Website
www.acenden.com/Company Type
Private limited Company
Incorporated on
3 March 2005
Nature of Business (SIC)
64999 - Financial intermediation not elsewhere classified
66190 - Activities auxiliary to financial intermediation not elsewhere classified
Industries
0
Region
West MidlandsCompany Location
Financial Overview
£990
£1
Last Reporting Period
Filed
29 Apr 2019
Period
01 Oct 2018 - 31 Mar 2019
Payment Timing
Average Time to Pay
16 days
Payment Periods
Shortest
1 days
Longest
30 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
5%
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 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 16 | 94% | 4% | 2% | 5% |
| 01 Apr 2018 - 30 Sep 2018 | 31 Oct 2018 | 17 | 90% | 8% | 2% | 10% |
Company Summary
ACENDEN LIMITED is a UK-based company that provides mortgage servicing and administration services for residential and commercial properties
The company was founded in 2004 and is headquartered in London, with additional offices in Manchester and Glasgow
As part of their sustainability efforts, ACENDEN LIMITED has implemented various initiatives to reduce their environmental impact
This includes using energy-efficient equipment, implementing recycling programs, and promoting sustainable practices among their employees
The company offers a range of products and services, including mortgage administration, arrears management, asset management, and property management
They work with a variety of clients, including banks, building societies, and other financial institutions
The key people at ACENDEN LIMITED include the Chief Executive Officer, Alistair Pate, and the Executive Chairman, Jim Gaskin
They are supported by a team of experienced professionals who are dedicated to providing high-quality services to their clients
For more information about ACENDEN LIMITED and their services, individuals can visit their website at www.acenden.com
The company's registered office address is 16-22 Grafton Road, London, NW5 3DU
Customers can also contact the company through their customer service hotline at 0333 300 0627
Overall, ACENDEN LIMITED is committed to providing sustainable and efficient mortgage servicing solutions for their clients while reducing their environmental impact
Company Review
Trend Analysis
The average time taken for ACENDEN LIMITED to pay invoices has decreased by 11.8% over the past three periods, from 17 days in the period of Apr 2018-Sep 2018 to 15 days in the period of Apr 2019-Sep 2019.
Volatility Analysis
The average time taken for ACENDEN LIMITED to pay invoices has shown a steady decrease over the past three periods, with a volatility of 0%.
Summary Analysis
ACENDEN LIMITED has shown consistent improvements in their invoice payment process over the past three periods. The average time taken to pay invoices has decreased by 11.8%, with a consistent increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid after 30 days. This indicates a more efficient and timely payment process for suppliers.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 days, with some services on next day direct debits.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes will be dealt with by the Accounts Payable function, Procurement function or Business Relationship Manager for the specific supplier.
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?
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