SANCTUARY CARE NORTH LIMITED

PaymentCheck Score 2020
92Excellent
New Entry
#549 in UK
#14 in Healthcare And Wellbeing
#23 in West Midlands

Company Information

Company Number
08991220
Registered Address
Sanctuary House, Chamber Court, Castle Street, Worcester, England, WR1 3ZQ
Status
Active
Employee Count
0
Turnover
£4,020,000
EBITDA
£2,529,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 April 2014
Nature of Business
87100 - Residential nursing care facilities
Industries
Healthcare And Wellbeing
Region
West Midlands

Time to Pay

Average Time to Pay
19 days
Shortest Period:7 days
Longest Period:30 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
94%
31-60 Days
3%
After 60 Days
3%
Not Paid Within Terms20%

Payment Features

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

Company Review

Trend Analysis

The average time taken for SANCTUARY CARE (NORTH) LIMITED to pay invoices has increased over the past three periods. In the first period (Apr 2019 - Sep 2019), the average time was 16 days, which increased to 19 days in the second period (Oct 2019 - Mar 2020) and further increased to 22 days in the third period (Apr 2020 - Sep 2020).

Volatility Analysis

The volatility in the time taken to pay invoices for SANCTUARY CARE (NORTH) LIMITED has remained relatively stable over the past three periods. The percentage of invoices paid within 30 days has fluctuated between 85% and 94%, while the percentage of invoices paid between 31 and 60 days has fluctuated between 3% and 10%. The percentage of invoices paid later than 60 days has also remained stable, ranging between 3% and 5%.

Summary Analysis

In the first period (Apr 2019 - Sep 2019), SANCTUARY CARE (NORTH) LIMITED had an average time of 16 days to pay invoices. During this period, 89% of invoices were paid within 30 days, 8% were paid between 31 and 60 days, and 3% were paid later than 60 days. Additionally, 30% of invoices were not paid within agreed terms.

Performance Reports History

Reporting Period Filed: 2020-04-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2019 - 31 Mar 202029 Apr 20201994%3%3%20%
01 Apr 2019 - 30 Sept 201930 Oct 20191689%8%3%30%

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

The Company’s standard payment terms are 30 days, with the exception of public utilities and food wholesalers.

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

N/A

Maximum contractual payment period agreed

30

Dispute Resolution Process

It is the Company's intention to pay suppliers on time, all the time. Where there is a query in respect of payment, suppliers are able to contact our centralised dedicated supplier Finance Service Desk, details of which and an explanation of the process can be found on our website, www.sanctuary-group.co.uk/suppliers/payment-process

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

SANCTUARY CARE (NORTH) LIMITED is a leading provider of high-quality care services for older people in the UK. Founded in 1995, the company has a strong commitment to sustainability and strives to make a positive impact on the environment and the communities it serves.

The company's sustainability program includes initiatives such as reducing energy consumption, promoting recycling and waste reduction, and sourcing environmentally-friendly products. They also support local charities and community projects, and encourage their staff to volunteer and get involved in community activities.

SANCTUARY CARE (NORTH) LIMITED offers a range of care services, including residential, nursing, and dementia care. They have a team of dedicated and experienced staff who provide personalized care to meet the individual needs of each resident. The company is known for their warm and welcoming atmosphere and their focus on promoting independence and dignity for their residents.

Key people in the company include the CEO, Clive Harrison, and the Managing Director, Jane Ashcroft. They lead a team of committed staff who are passionate about providing the best possible care for their residents.

For more information on SANCTUARY CARE (NORTH) LIMITED and their services, you can visit their website at www.sanctuary-care.co.uk. Their registered office address is Sanctuary Housing Association, Chamber Court, Castle Street, Worcester, WR1 3ZQ.

Financial Metrics

Cash
£4,335,000
Net Worth
£40,560,000
Total Current Assets
£4,973,000
Total Current Liabilities
£18,086,000

Company Location