NHS PROPERTY SERVICES LIMITED
Company Information
- Company Number
- 07888110
- Registered Address
- Regent House, Heaton Lane, Stockport, Cheshire, United Kingdom, SK4 1BS
- Status
- Active
- Employee Count
- 5,424
- Turnover
- £810,646,000
- EBITDA
- £180,940,000
Additional Details
- Website
- https://www.property.nhs.uk/
- Company Type
- Private limited Company
- Incorporated On
- 20 December 2011
- Nature of Business
- 68320 - Management of real estate on a fee or contract basis
- Industries
- Property
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time of 41 days indicates a consistent trend for NHS PROPERTY SERVICES LIMITED to pay beyond typical 30-day terms. While 74% of payments are within 30 days, a significant 26% fall into the 31-60+ day bracket, suggesting a clear trajectory towards slower payments for a notable proportion of invoices. The 34% late payment rate further reinforces a recurring pattern of delayed settlements.
Volatility Analysis
The 34% late payment rate highlights significant volatility and low predictability regarding payment timeliness from NHS PROPERTY SERVICES LIMITED. With 13% of payments occurring over 60 days, there is a clear risk of substantial delays impacting supplier cash flow. This necessitates suppliers to factor in potential payment extensions when planning their financial operations.
Summary Analysis
Overall, suppliers should approach NHS PROPERTY SERVICES LIMITED with caution, as the 34% late payment rate and 41-day average payment time indicate moderate to high payment risk. Key decision factors include preparing for potential payment delays and the possibility of 13% of invoices exceeding 60 days. To mitigate risk, consider implementing shorter payment terms, requesting partial upfront payments, or adjusting pricing to cover potential extended credit periods.
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 2023 - 31 Mar 2024 | 30 Apr 2024 | 41 | 74% | 13% | 13% | 34% |
| 01 Apr 2023 - 29 Sept 2023 | 01 Nov 2023 | 40 | 71% | 14% | 15% | 38% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 28 | 83% | 12% | 6% | 31% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 33 | 79% | 12% | 9% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 40 | 65% | 18% | 18% | 52% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 40 | 64% | 18% | 18% | 52% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 41 | 65% | 18% | 16% | 52% |
| 01 Oct 2019 - 31 Mar 2020 | 15 May 2020 | 55 | 52% | 25% | 22% | 57% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 62 | 51% | 22% | 28% | 64% |
| 01 Oct 2018 - 31 Mar 2019 | 03 May 2019 | 66 | 43% | 28% | 29% | 69% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 110 | 22% | 31% | 47% | 96% |
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
NHS Property Services' standard payment terms state the payment of third party invoices for goods and services will be made with 30 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative.
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
NHS Property Services is committed to our suppliers and to acting with integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. We seek to resolve disputes by discussion and agreement with a supplier, managed by the dedicated accounts payable team.
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.
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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
NHS PROPERTY SERVICES LIMITED is an active private limited company. Its name confirms its focus on delivering property services for the National Health Service (NHS).
Incorporated on 20 December 2011, the company operates under company number 07888110. Its registered office is Regent House, Heaton Lane, Stockport, Cheshire, United Kingdom, SK4 1BS, situating its registration in the North West of England.
Companies specialising in property services in the UK market typically manage, maintain, and develop property estates. For an organisation dedicated to NHS properties, these services involve the upkeep, strategic planning, and operational management of healthcare infrastructure.
