ANGLIAN COMMUNITY ENTERPRISE ACE COMMUNITY INTEREST COMPANY
Company Information
- Company Number
- 07376913
- Registered Address
- C/O BEGBIES TRAYNOR (CENTRAL)LLP, 3rd Floor Castlemead Lower Castle Street, Bristol, BS1 3AG
- Status
- Liquidation
- Employee Count
- 775
- Turnover
- £55,669,000
- EBITDA
- £51,000
Additional Details
- Website
- https://acecic.co.uk
- Company Type
- Private limited Company Community Interest Company (CIC)
- Incorporated On
- 15 September 2010
- Nature of Business
- 86101 - Hospital activities86210 - General medical practice activities86230 - Dental practice activities86900 - Other human health activities
- Industries
- Healthcare And Wellbeing,Professional Services
- Region
- South West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for ANGLIAN COMMUNITY ENTERPRISE (ACE) COMMUNITY INTEREST COMPANY to pay invoices to suppliers has decreased over the past three periods, from 46 days in the period of Apr 2018 - Sep 2018 to 28 days in the period of Oct 2020 - Mar 2021.
Volatility Analysis
The volatility in the percentage of invoices paid within 30 days has decreased over the past three periods, from 90% in the period of Apr 2018 - Sep 2018 to 47% in the period of Oct 2020 - Mar 2021.
Summary Analysis
In the period of Apr 2018 - Sep 2018, the average time taken for ANGLIAN COMMUNITY ENTERPRISE (ACE) COMMUNITY INTEREST COMPANY to pay invoices to suppliers was 46 days. 90% of invoices were paid within 30 days, while 5% were paid between 31 and 60 days and 5% were paid later than 60 days. 13% of invoices were not paid within agreed terms.
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 2020 - 31 Mar 2021 | 06 Apr 2021 | 28 | 47% | 51% | 2% | 53% |
| 01 Apr 2020 - 30 Sept 2020 | 15 Oct 2020 | 23 | 68% | 30% | 1% | 31% |
| 01 Oct 2019 - 31 Mar 2020 | 07 Apr 2020 | 20 | 94% | 4% | 2% | 11% |
| 01 Apr 2019 - 30 Sept 2019 | 09 Oct 2019 | 24 | 91% | 6% | 3% | 14% |
| 01 Oct 2018 - 31 Mar 2019 | 08 Apr 2019 | |||||
| 01 Apr 2018 - 30 Sept 2018 | 11 Oct 2018 | 46 | 90% | 5% | 5% | 13% |
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
ACE’s terms of 30 days is the most commonly used term for the reporting period. Other Individual contracts may vary.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Submitting Invoices With effect from 1st April 2020, ACE CIC has a new payables address for all invoicing. The Financial Services hosted by NHS Shared Business Services (NHS SBS) will remain in place for the organisation. As a supplier to ACE CIC, you will need to take on board a number of important changes in the way your invoices will be authorised and processed for payment. This involves a change of invoicing address and other essential requirements needed to help us to process your invoice promptly. From 1st April 2020, please address all invoices and credit notes to the new payables address: ANGLIAN COMMUNITY ENTERPRISE (ACE) CIC XX<INSERT NAME> NQ1 PAYABLES F865 PHOENIX HOUSE, TOPCLIFFE LANE WAKEFIELD WF3 1WE Invoices can be submitted by post or electronically via tradeshift or email (sbs.invoicing@nhs.net). For further information or to register for electronic invoicing please visit NHS SBS website by searching for “NHS SBS eInvoicing” online. https://go.tradeshift.com
Maximum contractual payment period agreed
30
Dispute Resolution Process
Any queries should be directed to NHS Shared Business Services Payables Helpdesk on: 0303 123 1177 or visit www.sbs.nhs.uk or email SBS-W.Payables@nhs.net in the first instance.
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.
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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
Anglian Community Enterprise (ACE) Community Interest Company is a social enterprise that aims to improve the health and well-being of the local community in East Anglia, UK. They provide a range of health and social care services, as well as support and training for individuals and businesses.
ACE's sustainability program focuses on promoting environmentally-friendly practices and reducing their carbon footprint. They have implemented energy-saving measures, such as using renewable energy sources and reducing waste. They also support local farmers and suppliers to promote sustainable agriculture and reduce food miles.
The company offers a variety of products and services, including community-based health programs, mental health support, and social care services for vulnerable individuals. They also provide training and employment opportunities for people with disabilities and support for local businesses through their social enterprise incubator program.
The key people at ACE include the Chief Executive Officer, who oversees the overall operations of the company, and a team of dedicated professionals who work to support the community. They also have a board of directors who provide guidance and strategic direction for the organization.
For more information on their services and programs, individuals can visit ACE's website at www.acecic.co.uk. The company's registered office address is 33-37 Museum Street, Ipswich, Suffolk, IP1 1HE, United Kingdom. ACE also has various locations throughout East Anglia where individuals can access their services.
