YOURLIFE MANAGEMENT SERVICES LIMITED
Company number: 07153519
Reporting period:
1 November 2025 to 30 April 2026
Report filed on:
11 August 2026
Approved by:
Katherine Heck
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 29 days
Total value paid:
- within 30 days: £487,000 (56%)
- in 31 to 60 days: £307,643 (36%)
- in 61 days or more: £71,917 (8%)
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 36%
- in 61 days or more: 10%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £294,128
- payments due in the reporting period which have not been paid within the agreed period: 40%
- not made in the reporting period due to a dispute: 20%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms are 30 days, but some are Direct Debits and so due within 0 days
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
30 days standard
Any other information about payment terms
n/a
Dispute resolution process
Our Purchase Ledger team manages dispute resolution, with support from our Operational Finance Team Leader and Operational Finance Director where needed.
Invoices typically match off with an accompanying PO which has been approved by the House Manager at the relevant development or the Head of Department, however if there is no PO or the value differs significantly, we may seek additional approval for payment. Equally, there may be disputes where work has not been completed to an acceptable standard and has not therefore been signed off, which would trigger payment of invoice - in this scenario, our Planning or Supply Chain team would work with the supplier to agree an action plan to achieve acceptable works. Alternatively, our PL team may speak to the supplier to determine payment.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
Yes
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No