MCD GROUP LIMITED
Company Information
- Company Number
- 00423062
- Registered Address
- Gorsey Lane, Coleshill, Birmingham, United Kingdom, B46 1JU
- Status
- Active
- Employee Count
- 48
- Turnover
- £19,996,000
- EBITDA
- £1,320,000
Additional Details
- Website
- https://www.mcdhazlo.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 5 November 1946
- Nature of Business
- 46499 - Wholesale of household goods (other than musical instruments) not elsewhere classified
- Industries
- Property, Infrastructure And Construction
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 36 | 40% | 52% | 8% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 23 Apr 2024 | 35 | 45% | 48% | 7% | 2% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Aug 2021 | 57 | 25% | 27% | 48% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Feb 2021 | 52 | 29% | 32% | 39% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 61 | 16% | 32% | 52% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 57 | 18% | 37% | 45% | 15% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 57 | 20% | 34% | 46% | 14% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Jul 2019 | 56 | 19% | 36% | 45% | 13% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 20% | 39% | 41% | 10% |
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
A singular standard payment term does not exist across our supplier base due to the long-standing relationships that we have with our suppliers. The majority of terms are 10th of second month following date of invoice (being 40 to 70 days) or 10th of third month following date of invoice (being 70 to 100 days). In most cases settlement discount is included within the terms. Any amendments to such terms are negotiated and agreed by both parties. For service provider suppliers (i.e. excluding stock for resale suppliers) standard payment terms are end of month following date of invoice (being 30 t0 60 days)
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
130
Dispute Resolution Process
All invoices are registered onto the system on receipt and subsequently authorised at the earliest possible date. If for any reason there is a discrepancy between the invoice value and what our internal purchase order system is expecting the invoice is suspended pending confirmation of the query to determine if this is a supplier or internal error. If it is deemed that the query is due to supplier error, a linked debit note is raised on our system and emailed to the suppliers informing them of the query. Once the credit note is received from the supplier it is authorised onto our system automatically authorising the invoice previously held under query. The authorised invoice will then be paid in the next payment run to the supplier.
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
MCD GROUP LIMITED is a multinational company that operates in the hospitality industry, primarily known for its fast-food chain McDonald's. Founded in 1940, the company has grown to become one of the largest and most recognizable brands in the world.
The company's sustainability program, called "Scale for Good", focuses on reducing the environmental impact of its operations. This includes initiatives such as using sustainable packaging, sourcing sustainable ingredients, and implementing energy-efficient practices in their restaurants.
MCD GROUP LIMITED offers a range of products and services including burgers, fries, wraps, salads, and desserts. They also have a breakfast menu and a McCafé section offering coffee and other beverages. In addition to their traditional fast-food restaurants, the company also operates McCafé outlets and drive-thru locations.
The key people at MCD GROUP LIMITED include Chris Kempczinski, the President and CEO, and Kevin Ozan, the Chief Financial Officer. The company has a team of over 210,000 employees globally and is committed to creating a diverse and inclusive workplace.
For contact information, MCD GROUP LIMITED can be reached through their website at www.mcdonalds.com. Their registered office address is 11-59 High Road, East Finchley, London, N2 8AW, United Kingdom.
In conclusion, MCD GROUP LIMITED is a global leader in the hospitality industry with a strong focus on sustainability and providing a wide range of products and services. With a dedicated team and a commitment to making a positive impact, the company continues to be a popular choice for millions of customers worldwide.
