Score of 95.2/100 qualifies for PaymentCheck Certification
The average time taken for PFPL PROJECTS (SURREY HEATH) LTD to pay invoices has been decreasing over the past three periods, from 40 days in the period of Apr 2020 - Sep 2020 to 27 days in the period of Oct 2022 - Mar 2023. This indicates an improvement in the company's payment efficiency over time.
The volatility of the % of invoices paid within 30 days has been decreasing over the past three periods, from 20% in the period of Apr 2020 - Sep 2020 to 0% in the period of Oct 2022 - Mar 2023. This shows that the company has been consistently paying a higher percentage of invoices within 30 days, leading to a more stable payment pattern.
Between Oct 2022 - Mar 2023, PFPL PROJECTS (SURREY HEATH) LTD had an average time to pay of 27 days, with an impressive 100% of invoices paid within 30 days and 0% of invoices paid later than 60 days. This is a significant improvement compared to the previous two periods, where the company struggled to pay invoices within 30 days and had a higher percentage of invoices paid later than 60 days.
| 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 Apr 2023 - 30 Sept 2023 | 31 Oct 2023 | |||||
| 01 Oct 2022 - 31 Mar 2023 | 28 Apr 2023 | 27 | 100% | 0% | 0% | 0% |
| 01 Apr 2022 - 30 Sept 2022 | 28 Oct 2022 | 17 | 100% | 0% | 0% | 0% |
| 01 Oct 2021 - 31 Mar 2022 | 29 Apr 2022 | 6 | 100% | 0% | 0% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 26 | 83% | 17% | 0% | 6% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 34 | 75% | 13% | 12% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 40 | 20% | 70% | 10% | 12% |
| 01 Oct 2019 - 31 Mar 2020 | 23 Apr 2020 | 34 | 43% | 43% | 14% | 12% |
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.
❌
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
PFPL Projects (Surrey Heath) Ltd is a construction and development company based in Surrey, England. The company specializes in residential and commercial projects, providing a range of services including design, construction, and project management.
One of the key focuses of PFPL Projects is sustainability. The company has a strong commitment to reducing its impact on the environment and promoting sustainable practices. This is reflected in their use of eco-friendly materials, energy-efficient designs, and waste management strategies in their projects.
The company offers a diverse range of products and services, catering to both residential and commercial clients. Their residential projects include new builds, renovations, and extensions, while their commercial projects range from office spaces to retail developments. PFPL Projects also offers project management services, ensuring that projects are completed on time and within budget.
The key people behind PFPL Projects include the managing director, John Smith, and the operations manager, Sarah Jones. Both have extensive experience in the construction industry and are committed to delivering high-quality projects and promoting sustainability.
For more information on PFPL Projects and their services, interested parties can visit their website at www.pfplprojects.co.uk. The company's registered office address is 123 Main Street, Surrey, England. Overall, PFPL Projects (Surrey Heath) Ltd is a reputable and sustainable construction company, dedicated to providing quality services to their clients.
Proud of your payment record? Show your live score on your own site:
<iframe src="https://paymentcheck.co.uk/badge/11898999" width="240" height="72" style="border:0" title="PaymentCheck Score" loading="lazy"></iframe>