ST MODWEN PROPERTIES LIMITED
Company Information
- Company Number
- 00349201
- Registered Address
- Two Devon Way, Longbridge, Birmingham, United Kingdom, B31 2TS
- Status
- Active
- Employee Count
- 781.0
- Turnover
- 83900000.0
- EBITDA
- -165400000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 3 February 1939
- Nature of Business
- 68100 - Buying and selling of own real estate
- Industries
- Property,Infrastructure And Construction
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 25 | 82% | 16% | 2% | 7% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 25 | 82% | 16% | 2% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 25 | 82% | 16% | 2% | 10% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 24 | 83% | 16% | 1% | 7% |
| 01 Jun 2021 - 31 Dec 2021 | 27 Jan 2022 | 25 | 83% | 16% | 1% | 8% |
| 01 Dec 2020 - 31 May 2021 | 29 Jun 2021 | 28 | 69% | 28% | 3% | 12% |
| 01 Jun 2020 - 30 Nov 2020 | 22 Dec 2020 | 36 | 55% | 38% | 7% | 34% |
| 01 Dec 2019 - 31 May 2020 | 29 Jun 2020 | 30 | 64% | 35% | 1% | 26% |
| 01 Jun 2019 - 30 Nov 2019 | 24 Dec 2019 | 33 | 60% | 36% | 4% | 25% |
| 01 Dec 2018 - 31 May 2019 | 24 Jun 2019 | 36 | 65% | 29% | 6% | 17% |
| 01 Jun 2018 - 30 Nov 2018 | 20 Dec 2018 | 37 | 56% | 36% | 8% | 22% |
| 01 Dec 2017 - 31 May 2018 | 22 Jun 2018 | 32 | 72% | 20% | 8% | 18% |
Company Summary
ST
MODWEN PROPERTIES LIMITED is a British property development and investment company
Founded in 1966, the company has become one of the leading developers in the UK, with a focus on sustainable development
Their sustainability program, called "Sustainable St
Modwen", aims to reduce the environmental impact of their operations and promote sustainable practices in all aspects of their business
This includes using sustainable building materials, implementing energy-efficient measures, and promoting biodiversity in their developments
The company's core products and services include commercial and residential property development, asset and property management, and land regeneration
They have a diverse portfolio of properties, including office buildings, retail spaces, industrial units, and residential properties, located in various regions of the UK
Key people in the company include Rob Hudson, the Chief Executive Officer, who has been with the company since 2017, and Mark Allan, the Chief Financial Officer
They are supported by a team of experienced professionals who are dedicated to driving the company's growth and success
The registered office of ST
MODWEN PROPERTIES LIMITED is located in Birmingham, UK
Their website address is www.stmodwen.co.uk, where interested parties can find more information about the company, their sustainability program, and their projects
The company also has a presence on social media platforms like Twitter, LinkedIn, and Instagram, where they share updates and news about their developments
In summary, ST
MODWEN PROPERTIES LIMITED is a well-established property development and investment company in the UK, with a strong focus on sustainability
They offer a range of products and services in the commercial and residential sectors and are led by a team of experienced professionals
Their commitment to sustainable practices sets them apart in the industry, making them a top choice for investors and customers alike
Company Review
Trend Analysis
The data for ST. MODWEN PROPERTIES LIMITED shows a general trend of improvement in the time taken to pay invoices over the past few years. From 2017 to 2023, the company's average time to pay has decreased from 32 days to 25 days. This indicates that the company is making efforts to pay their invoices more promptly.
Volatility Analysis
The average time to pay for ST. MODWEN PROPERTIES LIMITED has remained relatively stable, with only a 9-day difference between the highest and lowest values. However, there is some volatility in the percentages of invoices paid within 30 days and between 31 and 60 days. This could indicate that the company is not consistently paying all their invoices within the same time frame.
Summary Analysis
From 2017 to 2023, ST. MODWEN PROPERTIES LIMITED has shown overall improvement in their time taken to pay invoices. The average time to pay has decreased from 32 days to 25 days, with the lowest value being 24 days in 2022. The percentage of invoices paid within 30 days has also increased from 72% to 83%, with their best period being from Jan-Jun 2022. However, the company has also shown some inconsistency in paying invoices within 60 days, with a high of 38% in Jun-Nov 2020. The company's shortest standard payment period has remained consistent at 14 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
St. ModwenProperties Ltd’s standard supplier payment terms are ’45 days from date of invoice’. Subcontractor suppliers are paid more quickly in line with their contract. Payment of any amount ascertained in accordance with the Contract under an Interim Application (if any) to the Contractor shall become due 28 days after the Application Date ("Payment Due Date"). St. Modwen Properties Ltd is committed to supporting SMEs which are therefore paid on shorter terms, between 14 and 30 days.
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
45
Dispute Resolution Process
St. Modwen Properties Ltd is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. If a dispute arises the parties will attempt, in good faith, to reach settlement as soon as possible. If the dispute is not resolved it shall be referred to expert determination.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
