NOVIA FINANCIAL PLC
Company Information
- Company Number
- 06467886
- Registered Address
- Cambridge House, Henry Street, Bath, Somerset, BA1 1JS
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 9 January 2008
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
NOVIA FINANCIAL PLC demonstrates a strong trend of prompt payments, with an impressive average payment time of 24 days. A significant 84% of invoices are consistently settled within 30 days, indicating a positive and reliable payment trajectory for suppliers. This data suggests a stable pattern of quick financial settlements.
Volatility Analysis
Payment volatility is notably low, as 99% of payments are completed within 60 days, including 15% within the 31-60 day window. The minimal 1% of payments extending beyond 60 days presents a negligible risk to cash flow predictability for suppliers. Overall, NOVIA FINANCIAL PLC exhibits a highly reliable and predictable payment profile.
Summary Analysis
Based on this assessment, NOVIA FINANCIAL PLC is considered a highly reliable and favorable partner for suppliers, demonstrating very low payment risk. Suppliers can confidently anticipate prompt and predictable payments, making them an excellent counterparty. While a very small fraction of payments extend beyond 60 days, standard credit terms should be acceptable without requiring specific advanced risk mitigation strategies.
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 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 24 | 84% | 15% | 1% | 0% |
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 Days
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
Novia does not have a standard dispute resolution process in place. If a dispute arises, Novia would work with the supplier to reach an amicable resolution.
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.
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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.
❌
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?
❌
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
NOVIA FINANCIAL PLC is an active Public Limited Company operating within the financial sector, as indicated by its name and company type. The company focuses on providing financial services in the UK market.
The company was incorporated on 9 January 2008 and is registered with company number 06467886. Its registered office is located at Cambridge House, Henry Street, Bath, Somerset, BA1 1JS, placing its operations within the South West region.
Public Limited Companies operating in the financial sector commonly provide a range of services. These typically include investment management, wealth management, financial advisory services, and the operation of platforms for savings and pensions.
