THE HOLMES CARE (GROUP) LIMITED
Company Information
- Company Number
- 05794940
- Registered Address
- 228 St Marys Lane, Upminster, Essex, RM14 3DH
- Status
- Active
- Employee Count
- 52
- Turnover
- £238,000
- EBITDA
- £342,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 April 2006
- Nature of Business
- 70100 - Activities of head offices82990 - Other business support service activities not elsewhere classified
- Industries
- Care Services
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
THE HOLMES CARE (GROUP) LIMITED exhibits a strong trend of settling invoices around the 60-day mark, evidenced by an average payment time of 59 days. A substantial 57% of payments occur between 31 and 60 days, with a significant 40% extending beyond 60 days, indicating a consistent pattern of delayed payment cycles rather than early settlements.
Volatility Analysis
The company presents high payment volatility and unpredictability, with 40% of all payments being classified as late and specifically 40% taking over 60 days to settle. This substantial portion of very late payments indicates a significant risk factor for suppliers, making accurate cash flow forecasting challenging and unreliable.
Summary Analysis
Suppliers should anticipate an average payment duration of approximately 59 days, with a high probability (40%) of payments extending significantly beyond 60 days. It is advisable to factor in these extended payment terms into pricing and cash flow projections, and consider implementing stricter credit terms or requiring partial upfront payments to mitigate the inherent payment risk.
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 | 30 Apr 2019 | 40 | 9% | 84% | 7% | 7% |
| 01 Apr 2018 - 30 Sept 2018 | 31 Oct 2018 | 59 | 3% | 57% | 40% | 40% |
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
30
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
60
Dispute Resolution Process
Negotiation/communication with the credit controller or the appointed person from the supplier entity.
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
THE HOLMES CARE (GROUP) LIMITED is an active private limited company. Its name indicates its operation within the care sector, suggesting the provision of care services as part of a group organisation.
The company was incorporated on 25 April 2006 and operates under company number 05794940. Its registered office is situated at 228 St Marys Lane, Upminster, Essex, RM14 3DH.
In the UK market, organisations identified as 'Care Groups' typically specialise in delivering a range of social care provisions. These commonly encompass residential care for the elderly or individuals with specific needs, as well as domiciliary care services provided within clients' homes.
