Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The average time taken by CROWN STREET DEVELOPMENTS 1 LIMITED to pay invoices has decreased over the past three periods, from 70 days in Jun 2020 - Nov 2020 to 40 days in Dec 2021 - May 2022. However, the company's percentage of invoices paid within 30 days has also decreased significantly, from 22% in Jun 2021 - Nov 2021 to 29% in Dec 2021 - May 2022. This indicates that the company may be paying a smaller number of invoices on time, but they are being paid faster overall.
The most volatile aspect of CROWN STREET DEVELOPMENTS 1 LIMITED's payment pattern is the percentage of invoices paid later than 60 days. This has changed dramatically over the three periods, from 67% in Jun 2020 - Nov 2020 to 0% in Dec 2021 - May 2022. This indicates that the company has improved their payment practices and is now paying invoices within the agreed terms.
In the past three periods, CROWN STREET DEVELOPMENTS 1 LIMITED has shown improvements in their payment practices. The average time taken to pay invoices has decreased from 70 days to 40 days, and the percentage of invoices paid within 30 days has increased from 6% to 29%. However, there is room for further improvement as the percentage of invoices paid within 30 days is still relatively low compared to the percentage of invoices paid later than 60 days, which has decreased from 67% to 0%.
| 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 Dec 2021 - 31 May 2022 | 30 Jun 2022 | 40 | 29% | 71% | 0% | 7% |
| 01 Jun 2021 - 30 Nov 2021 | 30 Jun 2022 | 84 | 22% | 0% | 78% | 78% |
| 01 Dec 2020 - 31 May 2021 | 30 Jun 2022 | 78 | 13% | 30% | 57% | 70% |
| 01 Jun 2020 - 30 Nov 2020 | 30 Jun 2022 | 70 | 6% | 28% | 67% | 89% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days
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
60
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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
CROWN STREET DEVELOPMENTS 1 LIMITED is an active private limited company, incorporated on 29 August 2018, based in the North West region. Registered business activity: Development of building projects.
From Companies House records.