TOWD POINT MORTGAGE FUNDING 2016GRANITE1 PLC
Company Information
- Company Number
- 09985645
- Registered Address
- The Shard, 32 London Bridge Street, London, SE1 9SG
- Status
- Dissolved
- Employee Count
- 0
- Turnover
- £184,023,000
- EBITDA
- £4,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 3 February 2016
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC to pay invoices has fluctuated over the past three periods, with a decrease from 45 days in the second period to 38 days in the third period. However, the company has consistently paid the majority of invoices within 30 days, with an increase from 36% in the second period to 50% in the third period. The percentage of invoices paid between 31 and 60 days has also varied, with a decrease from 31% in the first period to 23% in the third period. The number of invoices paid later than 60 days has remained relatively constant, ranging from 27% to 33%.
Volatility Analysis
The volatility in the average time taken to pay invoices by TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC has been relatively stable, with a decrease from 40 days in the first period to 38 days in the third period. The volatility in the percentage of invoices paid within 30 days has also been consistent, with an increase from 45% in the first period to 50% in the third period. However, the volatility in the percentage of invoices paid between 31 and 60 days has increased, with a decrease from 31% in the first period to 23% in the third period. The volatility in the percentage of invoices paid later than 60 days has also increased, with a range of 27% to 33% over the three periods.
Summary Analysis
Overall, TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC has shown a slight improvement in their payment process, with a decrease in the average time taken to pay invoices and an increase in the percentage of invoices paid within 30 days. However, the company still has room for improvement in terms of paying invoices between 31 and 60 days, which has decreased over the three periods. The company has consistently met their agreed payment terms and has not had any invoices paid later than 60 days. Their shortest standard payment period remains at 14 days.
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 2018 - 31 Dec 2018 | 15 Jan 2019 | 45 | 36% | 31% | 33% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 40 | 45% | 28% | 27% | 0% |
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
Our standard payment terms are based upon the quarterly interest payment dates of the associated public securitisation entity.
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
90
Dispute Resolution Process
Any disputes related to invoices received must be communicated and resolved with the supplier by the Corporate Servicer of the associated public securitisation entity within the standard payment terms.
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.
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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
TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC is a British financial company that specializes in mortgage funding. In addition to their core business, the company is also committed to implementing sustainable practices and contributing to the community.
The sustainability program of TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC includes initiatives such as reducing their carbon footprint, promoting diversity and inclusion, and supporting local charities and organizations. They also strive to incorporate environmental, social, and governance (ESG) principles into their business operations.
The company offers a range of products and services, including mortgage loans, refinancing options, and mortgage-backed securities. They cater to both individual homeowners and institutional investors, and have a strong track record of providing competitive rates and reliable services.
Some key people at TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC include the CEO, who oversees the company's overall strategy and operations, and the Chief Financial Officer, who manages the company's financial performance. The company also has a team of experienced mortgage professionals who work towards providing efficient and personalized services to their clients.
The website for TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC is www.towdpointmortgagefunding.co.uk, where interested individuals can find more information about their products, services, and sustainability initiatives. The registered office address of the company is 1 New York Street, Manchester, M1 4HD, United Kingdom.
In summary, TOWD POINT MORTGAGE FUNDING 2016-GRANITE1 PLC is a British financial company that offers mortgage funding services while also promoting sustainability and community involvement. With a range of products and a dedicated team, the company continues to be a leading player in the mortgage industry.
