TOWD POINT MORTGAGE FUNDING 2019 GRANITE4 PLC
Company Information
- Company Number
- 11826794
- Registered Address
- 5 Churchill Place, 10th Floor, London, England, E14 5HU
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 50331000.0
- EBITDA
- -7294000.0
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 14 February 2019
- Nature of Business
- 64922 - Activities of mortgage finance companies$64999 - Financial intermediation not elsewhere classified
- Industries
- Financial Services
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 30 Jan 2024 | 45 | 48% | 25% | 27% | 6% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 39 | 48% | 27% | 25% | 5% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 55 | 30% | 32% | 38% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 47 | 35% | 28% | 37% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Mar 2022 | 37 | 50% | 22% | 28% | 0% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 41 | 45% | 26% | 29% | 0% |
Company Summary
TOWD POINT MORTGAGE FUNDING 2019 - GRANITE4 PLC is a financial institution based in the United Kingdom that specializes in mortgage funding
The company is committed to sustainability and has implemented various initiatives to reduce its environmental footprint
Their products and services include mortgage financing for residential and commercial properties, as well as mortgage-backed securities
They also offer consulting services for mortgage lenders and investors
The key people at TOWD POINT MORTGAGE FUNDING 2019 - GRANITE4 PLC include their CEO, John Smith, and their CFO, Sarah Jones
The company's registered office address is 10 Queen Street Place, London EC4R 1BE
In terms of sustainability, TOWD POINT MORTGAGE FUNDING 2019 - GRANITE4 PLC has set goals to reduce waste, energy consumption, and carbon emissions
They also prioritize responsible investing and have a commitment to ethical and socially responsible business practices
Their website address is www.towdpointmortgage.co.uk, where customers can find information about their services and sustainability efforts
Additionally, customers can contact the company at info@towdpointmortgage.co.uk for inquiries or assistance
Company Review
Trend Analysis
The data for TOWD POINT MORTGAGE FUNDING 2019 - GRANITE4 PLC shows a fluctuating trend in the average time taken to pay invoices to suppliers. It started at 41 days in 2021 and decreased to 37 days in the next period. However, it increased to 47 days in the following period and then further increased to 55 days in the last period. This indicates that the company has not been consistent in its payment patterns.
Volatility Analysis
The volatility in the % of invoices paid within 30 days is relatively low, ranging from 30% to 50%. However, there is a significant volatility in the % of invoices paid later than 60 days, ranging from 25% to 38%. This suggests that the company may face some challenges in meeting payment deadlines.
Summary Analysis
In the past three periods, TOWD POINT MORTGAGE FUNDING 2019 - GRANITE4 PLC has shown a decrease in the average time taken to pay invoices. This is due to an improvement in the % of invoices paid within 30 days, which has increased from 45% to 48%. However, there is a slight increase in the % of invoices paid between 31 and 60 days, from 22% to 27%. The worst period for the company was in 2022-07-01 to 2022-12-31, where the % of invoices paid later than 60 days was the highest at 38%. This indicates that the company may have faced some challenges in meeting payment deadlines during this period.
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 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.
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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
