NMCN PLC
Company Information
- Company Number
- 00425188
- Registered Address
- 11th Floor Landmark St Peter's Square, 1 Oxford St, Manchester, M1 4PB
- Status
- In Administration
- Employee Count
- 1,718
- Turnover
- £405,000,000
- EBITDA
- £13,000,000
Additional Details
- Website
- https://northmid.co.uk
- Company Type
- Public limited Company
- Incorporated On
- 6 December 1946
- Nature of Business
- 41202 - Construction of domestic buildings42110 - Construction of roads and motorways42220 - Construction of utility projects for electricity and telecommunications42910 - Construction of water projects
- Industries
- Property, Infrastructure And Construction, Road Travel, Transportation Infrastructure
- Region
- North West
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 2021 - 30 Jun 2021 | 30 Jul 2021 | 66 | 19% | 36% | 46% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 56 | 18% | 46% | 36% | 30% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 48 | 23% | 54% | 23% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 50 | 23% | 50% | 27% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 55 | 17% | 44% | 39% | 24% |
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
nmcn plc's supply chain consists of two categories of supplier, for which the qualifying contract is either a subcontract or a purchase order. For the purposes of this report, suppliers engaged under a subcontract are termed "subcontractors" and suppliers engaged under a purchase order are termed "other suppliers". There are no standard payment terms for subcontractors and terms are negotiated on a contract-by-contract basis. Standard payment terms for other suppliers are 60 days. To determine the number of days taken to make payment, a period of 3 days is allowed for confirmation of documents via nmcn's e-invoicing system.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
nmcn plc is committed to paying its suppliers in line with the due dates for payment. Payment terms for subcontractors are governed by the terms specified in the associated subcontract, and payment due dates are calculated by reference to the date that an application for payment is submitted by the subcontractor under the subcontract. Payment terms for other suppliers are stated on the relevant purchase order and payment due dates are calculated by reference to the invoice date.
Maximum contractual payment period agreed
60
Dispute Resolution Process
nmcn plc seeks to deal with its supply chain in an open, fair and transparent manner. Where disputes do arise, the matters are discussed with the relevant supplier. Such discussions will usually involve the accounts payable and procurement departments in the first instance, but may be escalated to the commercial teams or senior management where necessary. In rare cases where agreement cannot be reached, disputes may be resolved via more formal routes such as mediation, adjudication, arbitration or litigation.
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?
❌
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
NMCN PLC is a leading engineering and construction company based in the UK. They specialize in providing sustainable solutions for the water, power, and transportation sectors. With over 50 years of experience, NMCN PLC is committed to delivering high-quality projects that meet the needs of their clients.
The company's sustainability program is a key aspect of their operations. They prioritize sustainability in all their projects by implementing efficient and environmentally friendly practices. NMCN PLC also strives to reduce their carbon footprint and promote a circular economy through the use of renewable materials and energy sources.
NMCN PLC offers a wide range of products and services, including design, construction, and maintenance of infrastructure projects. They also provide consultancy services and have expertise in areas such as civil engineering, mechanical and electrical engineering, and water treatment.
The key people at NMCN PLC include John Homer, the CEO, and Mark Baker, the Chairman. They lead a team of experienced professionals who are dedicated to delivering innovative and sustainable solutions for their clients.
To get in touch with NMCN PLC, you can visit their website at https://nmcn.com/. Their registered office address is at NMCN PLC, NMCN House, 6 Oakwood Drive, Emersons Green, Bristol, BS16 7FF. They also have multiple regional offices across the UK, making it convenient for clients to access their services.
In conclusion, NMCN PLC is a reputable company that prioritizes sustainability in all their operations. They offer a wide range of products and services and are led by a team of experienced professionals. With their commitment to providing sustainable solutions, NMCN PLC continues to be a leader in the engineering and construction industry.
