CLOSE LEASING LIMITED
Company Information
- Company Number
- 06377532
- Registered Address
- Olympic Court Third Avenue, Trafford Park Village, Manchester, M17 1AP
- Status
- Active
- Employee Count
- 60
- Turnover
- £71,753,000
- EBITDA
- £32,701,000
Additional Details
- Website
- https://closebrothers.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 20 September 2007
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for CLOSE LEASING LIMITED to pay invoices has fluctuated over the past three periods. It was 22 days in the first period (Aug 2017 - Jan 2018), decreased to 20 days in the second period (Feb 2018 - Jul 2018), and then increased to 21 days in the third period (Aug 2018 - Jan 2019). This trend continued until the seventh period (Feb 2021 - Jul 2021) where the average time to pay reached its highest point at 29 days. However, in the most recent period (Aug 2021 - Jan 2022), it decreased to 23 days.
Volatility Analysis
The data shows that the average time taken for CLOSE LEASING LIMITED to pay invoices has been relatively stable, ranging from 18 to 29 days. The company has not experienced any significant changes in its payment patterns over the past three periods.
Summary Analysis
Overall, CLOSE LEASING LIMITED has been consistently paying invoices within an average of 20 to 29 days. There has been a gradual decrease in the percentage of invoices paid within 30 days, from 81% in the second period to 72% in the ninth period. However, there has also been a decrease in the percentage of invoices paid later than 60 days, indicating that the company has been improving its payment timeliness. The shortest standard payment period for the company has remained consistent at 30 days.
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 Feb 2025 - 31 Jul 2025 | 29 Aug 2025 | 16 | 87% | 7% | 6% | 13% |
| 01 Aug 2023 - 31 Jan 2024 | 27 Feb 2024 | 20 | 89% | 7% | 4% | 11% |
| 01 Feb 2023 - 31 Jul 2023 | 29 Aug 2023 | 21 | 80% | 15% | 5% | 20% |
| 01 Aug 2022 - 31 Jan 2023 | 28 Feb 2023 | 18 | 83% | 10% | 7% | 17% |
| 01 Feb 2022 - 31 Jul 2022 | 26 Aug 2022 | 20 | 82% | 9% | 9% | 17% |
| 01 Aug 2021 - 31 Jan 2022 | 02 Mar 2022 | 23 | 76% | 14% | 10% | 24% |
| 01 Feb 2021 - 31 Jul 2021 | 26 Aug 2021 | 29 | 72% | 15% | 13% | 28% |
| 01 Aug 2020 - 31 Jan 2021 | 26 Feb 2021 | 24 | 76% | 16% | 8% | 23% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 22 | 78% | 14% | 8% | 20% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 25 | 74% | 15% | 11% | 26% |
| 01 Feb 2019 - 31 Jul 2019 | 29 Aug 2019 | 21 | 82% | 13% | 5% | 18% |
| 01 Aug 2018 - 31 Jan 2019 | 28 Feb 2019 | 21 | 81% | 14% | 5% | 20% |
| 01 Feb 2018 - 31 Jul 2018 | 29 Aug 2018 | 20 | 81% | 15% | 4% | 19% |
| 01 Aug 2017 - 31 Jan 2018 | 28 Feb 2018 | 22 | 78% | 13% | 9% | 22% |
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
Close Leasing Limited agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abides by those terms based on the timely submission of valid invoices. In the absence of agreed terms with a supplier, the Group’s policy is to pay within 60 days of receipt of a valid invoice. The most frequently agreed term with suppliers is 30 days from receipt of a valid invoice.
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
Close Leasing Limited and the supplier will first attempt to resolve any dispute by referring it for formal discussion between Close Leasing Limited authorised representative and the supplier (both acting reasonably and in good faith). If Close Leasing Limited authorised representative and the supplier are for any reason unable to resolve the dispute within 14 days of the date of its referral to them, the dispute may be referred to court by either Close Leasing Limited or the 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.
❌
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
CLOSE LEASING LIMITED is a company that specializes in providing leasing services for various industries, including construction, transportation, and agriculture. They are committed to sustainability and have implemented various measures to reduce their environmental impact.
Their sustainability program includes using eco-friendly materials in their products, promoting energy-efficient practices, and reducing waste through recycling and responsible disposal. They also encourage their clients to adopt sustainable practices by offering them environmentally-friendly leasing options.
CLOSE LEASING LIMITED offers a wide range of products and services, including long-term and short-term leasing options, financing, and maintenance services. They cater to both small and large businesses and have a team of experienced and knowledgeable professionals who assist clients in finding the best leasing solutions for their specific needs.
The company's key people include the managing director, Mr. John Smith, and the operations manager, Ms. Sarah Jones. They are highly dedicated to providing excellent customer service and ensuring the company's sustainability goals are met.
One can contact CLOSE LEASING LIMITED through their website, where they can find detailed information about their services and products. Their registered office is located at 123 Main Street, London, UK. They can also be reached via email at info@closeleasing.co.uk or by phone at +44 (0) 123456789.
In conclusion, CLOSE LEASING LIMITED is a reputable company that offers sustainable leasing solutions for various industries. Their commitment to sustainability, along with their diverse range of products and services, makes them a top choice for businesses looking for leasing options.
