This post forms part of a series presenting historic service charge and financial information for Centenary Mill.
It shows service charge arrears and advance payments by year, using figures taken directly from published accounts. The purpose of this post is to make collection and payment positions visible over time, without inference or commentary.
Service Charge Arrears
The charts below show service charge arrears at the end of each year.
Arrears are amounts invoiced but unpaid at year-end. They are shown both in absolute terms (£) and as a percentage of the total service charge invoiced for that year.
Presenting both views allows:
- the scale of outstanding amounts to be seen, and
- context to be provided where the total invoicing varies between years.
Advance Payments
The accounts also disclose advance payments, which are amounts paid before invoicing or settlement.
Advance payments are shown separately from arrears because they reflect a different payment behaviour and risk profile. They do not offset or reduce arrears and should not be interpreted as doing so.
Summary Table
For completeness, the table below brings together annual invoicing, arrears, and arrears as a percentage of invoiced service charges.
| Year | Invoiced (£) | Arrears (£) | Arrears (% of invoiced) |
|---|---|---|---|
| 2018 | 259,354 | 11,057 | 4.3% |
| 2019 | 280,022 | 13,930 | 5.0% |
| 2020 | 611,858 | 135,304 | 22.1% |
| 2021 | 666,316 | 98,063 | 14.7% |
| 2022 | 435,646 | 96,516 | 22.2% |
| 2023 | 695,099 | 282,520 | 40.6% |
| 2024 | 702,783 | 362,461 | 51.6% |
Scope note
Scope note:
Service charge arrears are amounts invoiced but unpaid at year-end. Advance payments are amounts paid before invoicing or settlement. The two figures are shown separately because they reflect different behaviours and risks and should not be netted. No inference is drawn regarding causes, enforcement, or outcomes.
Percentages are rounded to one decimal place for clarity.
About this series
This post is part of a wider series presenting historic service charge finances in discrete sections, including income and expenditure, budget versus actual performance, reserves, and liquidity.
The next post in the series considers the cash position over time.
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