MORRIS HOMES (MIDLANDS) LIMITED

PaymentCheck Score 2024
69Fair
0.3vs last year
#2950 in UK
#194 in Property
#196 in North West

Company Information

Company Number
00184652
Registered Address
Morland House, Altrincham Road, Wilmslow, Cheshire, SK9 5NW
Status
Active
Employee Count
64
Turnover
£25,190,000
EBITDA
£1,480,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 September 1922
Nature of Business
41202 - Construction of domestic buildings
Industries
Property, Infrastructure And Construction
Region
North West

Time to Pay

Average Time to Pay
33 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
54%
31-60 Days
37%
After 60 Days
9%
Not Paid Within Terms13%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-11-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Nov 2023 - 30 Apr 202430 May 20243654%36%10%14%
01 Nov 2022 - 30 Apr 202330 May 20233555%35%11%15%
01 Nov 2021 - 30 Apr 202230 May 20223655%34%11%11%

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

Our standard payment terms for subcontractors are 39 days after the accounting month end. This is provided avalid application is received no later than the 5th working day following the accounting month end. Terms for a limited number of smaller subcontractors with a high labour element are 7 days following the end of each working week. This is provided a valid application is submitted in a timely manner. Our standard payment terms for suppliers are 30 days or 30 days net monthly (30 days from the end of the month of the invoice date).

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

60

Dispute Resolution Process

Queries or disputes should be raised with the Site Manager or Purchasing Manager in the first instance. Disputes can be escalated up the management chain if subsequently required. In respect of construction contracts, Morris or the subcontractor may refer any dispute to adjudication to be determined under the Scheme for Construction Act Regulations 1996. If the dispute cannot be resolved in accordance with normal procedures and whether there has been adjudication or otherwise the dispute will be determined by litigation in the courts of England adopting English law.

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.

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

Company Summary

Morris Homes (Midlands) Limited is a leading property developer based in the Midlands region of the United Kingdom. The company specializes in building high-quality, sustainable homes that meet the needs of modern living.

The sustainability program at Morris Homes (Midlands) Limited is a key focus for the company. They are committed to reducing their environmental impact through the use of sustainable materials and construction practices. The company also works closely with local communities to ensure that their developments are in line with the needs and values of the area.

Their range of products and services includes a variety of new build homes, from apartments to family houses, designed to cater to different budgets and lifestyles. The company offers a range of customization options to help customers create their dream home. They also provide after-sales services to ensure customer satisfaction.

The key people at Morris Homes (Midlands) Limited include the managing director, Mr. John Morris, who has over 30 years of experience in the property development industry. The company also has a team of experienced architects, engineers, and construction professionals who work together to deliver high-quality homes.

To contact Morris Homes (Midlands) Limited, customers can visit their website at www.morrishomes.co.uk. The company's registered office address is 37 Eldon Place, Bradford Street, Birmingham, B5 7ES. Overall, Morris Homes (Midlands) Limited is a reputable and sustainable property developer that offers a wide range of high-quality homes and services to customers in the Midlands region of the UK.

Financial Metrics

Cash
£4,974,000
Net Worth
£22,150,000
Total Current Assets
£151,634,000
Total Current Liabilities
£132,597,000

Company Location