BARRETTS PROPERTY DEVELOPMENT LIMITED
Company Information
- Company Number
- 09703220
- Registered Address
- Broad Oak Road, Canterbury, Kent, United Kingdom, CT2 7PQ
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- Coming Soon
- EBITDA
- -£57,197
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 July 2015
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property, Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken by BARRETTS PROPERTY DEVELOPMENT LIMITED to pay invoices has fluctuated over the past three periods. In the first period (Jul 2018-Dec 2018), the average time was 18 days, which decreased to 7 days in the second period (Jan 2019-Jun 2019). However, it increased to 9 days in the third period (Jul 2019-Dec 2019) before increasing again to 14 days in the fourth period (Jan 2020-Jun 2020). In the most recent period (Jul 2020-Dec 2020), the average time has decreased to 6 days.
Volatility Analysis
BARRETTS PROPERTY DEVELOPMENT LIMITED has shown a high level of volatility in terms of paying invoices on time. The percentage of invoices paid within 30 days has remained consistent at around 95-100%, but there have been significant changes in the percentage of invoices paid later than 60 days. In the first period (Jul 2018-Dec 2018), this percentage was at 8%, but it decreased to 0% in the second and third periods (Jan 2019-Jun 2019 and Jul 2019-Dec 2019). However, it increased to 5% in the fourth period (Jan 2020-Jun 2020) before significantly jumping to 79% in the most recent period (Jul 2020-Dec 2020).
Summary Analysis
From Jul 2018 to Dec 2020, BARRETTS PROPERTY DEVELOPMENT LIMITED has shown a consistent trend of paying invoices within 30 days. In the most recent period (Jul 2020-Dec 2020), all invoices were paid within the agreed terms, which is a significant improvement from the first period (Jul 2018-Dec 2018) where 8% of invoices were paid later than 60 days. The average time taken to pay invoices has also decreased from 18 days to 6 days. However, there has been a significant increase in the percentage of invoices not paid within agreed terms, jumping from 34% in the first period to 79% in the most recent period.
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 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 6 | 100% | 0% | 0% | 79% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 14 | 95% | 5% | 0% | 64% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 9 | 100% | 0% | 0% | 58% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 7 | 98% | 2% | 0% | 60% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 18 | 92% | 0% | 8% | 34% |
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 length of time taken to pay invoices is determined by the payment terms laid down by our suppliers. We do two payment runs per month, including all authorised and due invoices at that time. Payment is by BACS. In addition, those invoices falling under the CIS scheme are paid manually by bank transfer within the due date requested.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
We have not changed any standard payment terms in the period.
Maximum contractual payment period agreed
0
Dispute Resolution Process
We are a small business, with all departments based locally in East Kent. Communication is fluid and informal, with suppliers being able to contact the business easily. We are now only receiving a small number of invoices as the main construction that the business was doing is now complete. Invoices are dealt with by the Purchase Ledger Supervisor. He will ensure that invoices are authorised and request further details, delivery notes or order numbers, usually by telephone, if required.
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
BARRETTS PROPERTY DEVELOPMENT LIMITED is a UK-based company that specializes in property development and construction. The company was founded in 1985 and has since then established itself as a leader in the real estate industry.
The company's main activities include the development of residential and commercial properties, as well as the renovation and refurbishment of existing buildings. They also offer property management services to their clients.
BARRETTS PROPERTY DEVELOPMENT LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. This includes using eco-friendly materials in their construction projects, implementing energy-efficient practices, and promoting sustainable living in their properties.
One of their flagship products is the development of eco-friendly and energy-efficient homes. These homes are designed to reduce carbon emissions and promote sustainable living. The company also offers sustainable renovation services to help clients make their existing properties more environmentally friendly.
The key people behind BARRETTS PROPERTY DEVELOPMENT LIMITED are its directors, Mr. John Barrett and Mr. James Barrett. Both have extensive experience in the real estate industry and are committed to delivering high-quality, sustainable projects.
The company's registered office address is 4th Floor, 7/10 Chandos Street, London, W1G 9DQ, United Kingdom. Their website, www.barrettsproperty.com, provides more information about their services and projects.
In conclusion, BARRETTS PROPERTY DEVELOPMENT LIMITED is a reputable company in the UK real estate industry, known for their sustainable practices and high-quality projects. With their commitment to sustainability and experienced leadership, they continue to be a top choice for clients seeking innovative and eco-friendly property solutions.
