Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 82.7/100 qualifies for PaymentCheck Certification
| 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 2025 - 30 Jun 2025 | 31 Jul 2025 | 32 | 84% | 7% | 9% | 16% |
| 01 Jul 2024 - 31 Dec 2024 | 20 Feb 2025 | 24 | 82% | 11% | 7% | 18% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 7 | 95% | 5% | 0% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We pay invoices as soon as we receive them. We have weekly payment runs and so once approved by the FC and CFO then the accounts payable team pays the amounts. The majority of the payment terms are 7, 14 or 28 days. For ongoing developments then some payments can take longer from the invoice date because of defects in an ongoing development, however the payment is not technically due at this time. The usual payments made regarding these invoices are 7-14 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Invoices are initiated as soon as received by the accounts payable team, and are paid within a week as they will go on the payment run. There are invoices we receive that have old invoice dates however, we receive these late for various reasons, but we pay these as soon as possible and we are regular payers, as seen by weekly payment runs.
Maximum contractual payment period agreed
30
We have very few issues with disputes and complaints. When standard issues are raised, such as missing bank details, then these will be raised to the AP team who deal with this accordingly. The payment can be put on hold on our system when in dispute. Issues relating to developments on our properties can be more frequent and these are then dealt with by the development team, and these will be raised to the Directors if they become more serious.
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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Empiric Student Property PLC is a registered UK company whose main activity is letting and operating property it owns. Companies House records list its business as other letting and operating of own or leased real estate, within student accommodation. The company's website now presents itself under the Unite Group and Unite Students branding, describing itself as the UK's largest owner, manager and developer of purpose-built student accommodation, working with universities across the country. This indicates the entity now trades as part of, or under, the Unite Students brand rather than its original registered name. Its core function remains owning and managing student residential property, with associated development activity carried out under the wider group.
Generated from the company's website and Companies House records. Sources: empiric.co.uk