Score of 96.8/100 qualifies for PaymentCheck Certification
PFPL PROJECTS (EPPING) LTD exhibits a highly favorable payment trend, consistently settling invoices with an average payment time of just 22 days. All payments are processed within 30 days, demonstrating a strong and reliable trajectory towards prompt settlement. This indicates a very positive and stable payment behavior over time.
The company's payment profile shows exceptionally low volatility, with 0% of payments falling into the 31-60 day or over 60-day categories. This data confirms a highly predictable and reliable payment pattern, presenting minimal risk from unexpected delays. There are no identifiable volatility factors that suggest potential deviation from their consistent promptness.
PFPL PROJECTS (EPPING) LTD presents a very low payment risk profile for suppliers, characterized by consistent promptness and high reliability. Suppliers can confidently extend standard credit terms, considering them a highly dependable partner based on their exemplary payment history. No specific risk mitigation strategies beyond standard business practices appear necessary given their outstanding performance.
| 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 2022 - 31 Mar 2023 | 28 Apr 2023 | 23 | 100% | 0% | 0% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 22 | 100% | 0% | 0% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 25 | 100% | 0% | 0% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 07 Oct 2019 | 23 | 83% | 17% | 0% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 36 | 67% | 24% | 9% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 17 Oct 2018 | 30 | 73% | 19% | 8% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days
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
30
Disputes are resolved by the person or department who ordered the goods/services. General enquiries should be made to the central Accounts Payable team
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
PFPL PROJECTS (EPPING) LTD is an active private limited company. Its name suggests it specialises in undertaking or managing various projects.
The company was incorporated on 3 February 2017 under company number 10599175. Its registered office is located at 305 Gray's Inn Road, London, England, WC1X 8QR.
Companies with 'Projects' in their name typically engage in the planning, execution, and oversight of various undertakings for clients or for their own ventures. This can encompass project management consultancy, project delivery services, and the coordination of resources to achieve specific project objectives within the UK market.