LARCHWOOD CARE HOMES (NORTH) LIMITED

PaymentCheck Score 2022
47Poor
1.2vs last year
#4299 in UK
#121 in Care Services
#269 in West Midlands

Company Information

Company Number
06883079
Registered Address
302, Drakes Court Alcester Road, Wythall, Birmingham, England, B47 6JR
Status
Active
Employee Count
297
Turnover
£11,978,000
EBITDA
£48,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 April 2009
Nature of Business
87300 - Residential care activities for the elderly and disabled
Industries
Care Services
Region
West Midlands

Time to Pay

Average Time to Pay
38 days
Shortest Period:7 days
Longest Period:45 days
Max Contractual:730 days

Payment Timeline

Within 30 Days
29%
31-60 Days
61%
After 60 Days
10%
Not Paid Within Terms78%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2022-12-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2021 - 31 Mar 202220 Apr 20224033%55%12%76%
01 Apr 2021 - 30 Sept 202125 Oct 20214030%55%15%75%
01 Oct 2020 - 31 Mar 202114 May 20214128%57%14%72%
01 Apr 2019 - 30 Sept 201929 Oct 20194429%56%15%60%
01 Apr 2018 - 30 Sept 201831 Oct 20184921%58%21%42%

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

Longest period 45 days from end of month of invoice

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

730

Dispute Resolution Process

Disputes are resolved through liaison between our invoice processing team and the supplier. In the event of a disagreement the matter is escalated to Senior Management.

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

LARCHWOOD CARE HOMES (NORTH) LIMITED is a UK-based company that operates care homes for the elderly. They are committed to providing high-quality, person-centered care to their residents while maintaining a sustainable approach.

Their sustainability program includes initiatives such as reducing energy consumption, promoting recycling and waste reduction, and sourcing locally-grown produce for their meals. They also have a focus on creating a positive and inclusive work environment for their staff.

LARCHWOOD CARE HOMES offers a range of services to their residents, including assisted living, dementia care, and respite care. They also provide a variety of activities and social events to promote a sense of community and well-being among their residents.

The key people at LARCHWOOD CARE HOMES include their managing director, operations director, and finance director, who all have extensive experience in the care industry. They also have a team of dedicated staff who are trained to provide compassionate and professional care to their residents.

For more information on LARCHWOOD CARE HOMES and their services, visit their website at www.larchwoodcare.co.uk. Their registered office address is 2A Park Road, Whetstone, Leicestershire, LE8 6JT.

Financial Metrics

Cash
£2,809,927
Net Worth
£426,024
Total Current Assets
£7,000,300
Total Current Liabilities
£6,587,210

Company Location