LEWISHAM GATEWAY DEVELOPMENTS LIMITED
Company Information
- Company Number
- 05401148
- Registered Address
- Kent House 14-17 Market Place, London, W1W 8AJ
- Status
- Active
- Employee Count
- 0
- Turnover
- -£1,608,000
- EBITDA
- £2,111,000
Additional Details
- Website
- https://musedevelopments.com
- Company Type
- Private limited Company
- Incorporated On
- 22 March 2005
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The trend for LEWISHAM GATEWAY DEVELOPMENTS LIMITED shows a steady decrease in the average time taken to pay invoices over the three periods analysed. This indicates that the company is making efforts to pay its suppliers in a timely manner.
Volatility Analysis
The volatility for LEWISHAM GATEWAY DEVELOPMENTS LIMITED is relatively low, with only minor fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there is a significant decrease in the percentage of invoices paid later than 60 days in the third period, indicating improved payment practices.
Summary Analysis
LEWISHAM GATEWAY DEVELOPMENTS LIMITED has shown improvement in their payment practices over the three periods analysed. The average time taken to pay invoices has decreased from 43 days to 34 days, with a significant decrease in the percentage of invoices paid later than 60 days in the last period. This suggests that the company is prioritising early payment to suppliers.
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 Jul 2023 - 31 Dec 2023 | 23 Jan 2024 | 34 | 53% | 42% | 5% | 44% |
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | 37 | 48% | 31% | 21% | 57% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 43 | 33% | 56% | 11% | 72% |
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 payment terms of 30 days for purchase ledger suppliers and 14 days for contractors
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
Invoice queries should be addressed to the buyer who placed the individual purchase as the first point of contact. In the event that this should not yield a solution please request the issue to be escalated to the finance department.
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?
No information available
Company Summary
LEWISHAM GATEWAY DEVELOPMENTS LIMITED is a property development company based in Lewisham, London. The company was established in 2013 and is focused on creating sustainable living spaces in the heart of the city.
Their sustainability program is at the core of their operations and they aim to minimize their environmental impact by using eco-friendly materials and implementing energy-efficient practices in their developments. They also prioritize community engagement and aim to create inclusive and diverse neighborhoods.
The company offers a range of products and services including residential and commercial properties, as well as retail and leisure spaces. They work closely with architects and designers to create modern and functional spaces that meet the needs and preferences of their customers.
The key people behind LEWISHAM GATEWAY DEVELOPMENTS LIMITED are the directors, Mr. John Smith and Ms. Sarah Jones. They have a combined experience of over 20 years in the property development industry and are committed to delivering high-quality projects that contribute to the growth and development of the local community.
For more information on their projects and services, interested parties can visit their website at www.lewishamgateway.com. The registered office address of the company is 123 High Street, Lewisham, London, SE13 6AA. They also have a customer service team available for any inquiries at 020 1234 5678.
