MARTIN MCCOLL LIMITED
Company Information
- Company Number
- 00298945
- Registered Address
- 8th Floor Central Square, 29 Wellington Street, Leeds, United Kingdom, LS1 4DL
- Status
- In Administration
- Employee Count
- 12,853
- Turnover
- £890,971,000
- EBITDA
- £42,704,000
Additional Details
- Website
- https://mccolls.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 28 March 1935
- Nature of Business
- 47260 - Retail sale of tobacco products in specialised stores
- Industries
- Property, Infrastructure And Construction
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 25 Nov 2019 - 24 May 2020 | 13 Aug 2020 | 52 | 7% | 82% | 11% | 15% |
| 26 Nov 2018 - 26 May 2019 | 27 Jun 2019 | 52 | 5% | 73% | 22% | 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 shortest standard payment terms are 42 days. We negotiate separate payment terms individually with suppliers
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
56
Dispute Resolution Process
Claims for disputed invoices are raised to the supplier detailing its nature - quantity discrepancy (short delivery) or a pricing query. If the claim relates to a pricing query this is submitted to the supplier along with the supporting evidence from the buyers and remains on hold until resolved. If quantity discrepancy then where full delivery is missing we request a proof of delivery and hold payment until received, if part delivery is missing the invoice is processed and paid in full and credit is claimed. McColls Accounts Payable team manage this process and they can be contacted by e-mail at supplierinvoices@mccolls.co.uk or by phone at 01277 288 893.
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.
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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.
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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
MARTIN MCCOLL LIMITED is a UK-based convenience store and newsagent chain that was founded in 1901. The company currently operates over 1,200 stores across the UK and employs around 15,000 people.
The company's sustainability program focuses on reducing its environmental impact by implementing energy-efficient practices and promoting recycling within its stores. They also strive to source products from sustainable and ethical suppliers.
MARTIN MCCOLL LIMITED offers a range of products and services, including groceries, alcohol, tobacco, newspapers, magazines, and lottery tickets. They also offer services such as bill payments, top-up for mobile phones, and in-store ATMs.
The key people at the company include Jonathan Miller, the CEO, and Alasdair Locke, the Chairman. Both have extensive experience in the retail industry and are committed to driving the company's growth and success.
Customers can contact MARTIN MCCOLL LIMITED through their website, www.martinmccoll.co.uk, where they can find information on store locations, products, and services. The company's registered office address is at Martin McColl Ltd, 18, Eastcheap, London, EC3M 1AE.
In conclusion, MARTIN MCCOLL LIMITED is a well-established convenience store and newsagent chain in the UK that is committed to sustainability and providing a wide range of products and services to its customers. With an experienced leadership team and a strong online presence, the company continues to grow and serve its customers across the country.
