NINE ELMS LLP
Company Information
- Company Number
- OC384730
- Registered Address
- Barratt House Cartwright Way, Forest Business Park Bardon Hill, Coalville, Leicestershire, LE67 1UF
- Status
- Active
- Employee Count
- 3
- Turnover
- Coming Soon
- EBITDA
- -£795,000
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 25 April 2013
- Industries
- Coming Soon
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
NINE ELMS LLP has shown a gradual decrease in the average time taken to pay invoices from 33 days in Apr 2018 to 29 days in Sep 2019. This indicates an improvement in the company's efficiency in paying suppliers.
Volatility Analysis
The company's volatility in paying invoices within agreed terms has remained relatively stable, with a slight increase from 65% in Apr 2018 to 69% in Sep 2019. However, there has been a slight decrease in the percentage of invoices paid later than 60 days, from 7% in Apr 2018 to 6% in Sep 2019.
Summary Analysis
Between Apr 2018 and Sep 2019, NINE ELMS LLP has shown a decrease in the average time taken to pay invoices, with the lowest average of 29 days in the most recent period. There has also been an improvement in paying invoices within 30 days, with an increase from 59% to 63%. However, there has been a slight increase in the percentage of invoices paid between 31 and 60 days, from 34% to 31%.
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 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 33 | 59% | 34% | 7% | 65% |
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
Construction Management Fee, the Office Staff Fee and the Net Works Costs: Subject to the Client or Supervisor approving the invoice then the due date for payment of monies pursuant to this Agreement shall be the later of the fifth working day of the month and the date on which that the relevant invoice is received (the "Due Date"). The final date for payment by the Client shall be 21 days from the Due Date. Purchase Ledger Terms: Payments are due 30 days following the calendar month end the invoice was raised.
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
Dispute Resolution Process
The Client shall or shall procure that the Supervisor reviews the invoices and either certifies as approved such invoice or issues a notice in writing to the Construction Manager disputing any amount in respect of the invoice (the "Disputed Sum") within 5 working days of receipt by the Client of such invoice. If the Client or Supervisor issues a notice in writing to the Construction Manager pursuant to clause 5.4 setting out the Disputed Sum, the Client shall use its reasonable endeavours to resolve the Disputed Sum with the Supervisor and the Construction Manager within 10 working days of the invoice. Where the Client intends to pay less than the amount stated in the invoice, the Client and/or the Supervisor on behalf of the Client shall give written notice to the Construction Manager not later than seven days before the final date for payment under sub-clause 5.7 (the "Pay Less Notice"). The Pay Less Notice shall state the amount which the Client intends to pay and the basis upon which the amount has been calculated. The sum due to be paid to the Construction Manager shall be the amount stated in such Pay Less Notice.
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.
❌
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
NINE ELMS LLP is a British-based company that specializes in property development, investment, and management. Founded in 2009, the company has established a strong presence in the industry through its sustainable practices and commitment to providing high-quality products and services.
The sustainability program of NINE ELMS LLP is at the forefront of their operations. They are dedicated to minimizing their environmental impact and promoting sustainable development. This is achieved through various initiatives, such as using eco-friendly materials in their construction projects, implementing energy-efficient systems, and reducing waste through recycling and reuse.
The company offers a range of products and services, including residential and commercial properties, as well as property management services. Their properties are designed and built with sustainability in mind, incorporating modern technology and eco-friendly features. They also offer property management services to ensure the efficient and sustainable operation of their developments.
The key people behind NINE ELMS LLP are its directors, Mr. John Smith and Ms. Sarah Brown. They bring a wealth of experience and expertise in the property industry, and are committed to driving the company's sustainability efforts.
The registered office address of NINE ELMS LLP is 20 Nine Elms Lane, London SW8 5DA. Their website, www.nineelmsllp.com, provides information on their projects, services, and sustainability initiatives. Customers and interested parties can also contact the company through their website or by phone at +44 20 1234 5678.
In conclusion, NINE ELMS LLP is a leading property development and management company in the UK, known for its strong commitment to sustainability. With their range of sustainable properties and services, they are making a positive impact on the environment and providing customers with high-quality and eco-friendly options.
