MORPHY RICHARDS LIMITED
Company Information
- Company Number
- 00644702
- Registered Address
- C/O Glen Dimplex Home Appliances Stoney Lane, Whiston, Prescot, England, L35 2XW
- Status
- Active
- Employee Count
- 1
- Turnover
- £868,000
- EBITDA
- £1,484,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 December 1959
- Nature of Business
- 46439 - Wholesale of radio, television goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them)
- Industries
- Supply Chain
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The data for MORPHY RICHARDS LIMITED shows an overall improvement in the average time taken to pay invoices from 38 days in Sep 2018 to 35 days in Mar 2020. However, there was a slight increase in the average time taken to pay invoices in the period between Mar 2019 and Sep 2019, with a decrease of 3 days in the subsequent period.
Volatility Analysis
The data also shows a decrease in the percentage of invoices paid later than 60 days, from 18% in Sep 2018 to 8% in Mar 2020. This indicates a decrease in volatility in the payment process. However, there was an increase in the percentage of invoices paid between 31 and 60 days in the period between Mar 2019 and Sep 2019, with a decrease in the subsequent period.
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 |
|---|---|---|---|---|---|---|
| 28 Sept 2019 - 27 Mar 2020 | 12 May 2020 | 35 | 45% | 47% | 8% | 89% |
| 29 Mar 2019 - 27 Sept 2019 | 31 Oct 2019 | 34 | 49% | 41% | 10% | 75% |
| 29 Sept 2018 - 28 Mar 2019 | 20 Sept 2019 | 38 | 49% | 33% | 18% | 76% |
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
Payment made on the last day of the month following the date of the invoice
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
92
Dispute Resolution Process
Disputes must first be notified using email contact accounts.payable@morphyrichards.co.uk. Tel 01709 582402. If the dispute cannot be resolved by Accounts Payable it will follow the approriate Finance escalation process.
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
Morphy Richards Limited is a British company that specializes in manufacturing and selling household appliances. The company was founded in 1936 and is headquartered in Worcestershire, England.
The company offers a wide range of products including kettles, toasters, irons, vacuum cleaners, and cooking appliances. They are known for their innovative designs and high-quality products, which have earned them numerous awards and accolades.
Morphy Richards Limited is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a dedicated sustainability program that focuses on reducing waste, conserving resources, and promoting sustainable practices throughout their supply chain. The company also offers a recycling program for their products, encouraging customers to dispose of their old appliances responsibly.
The key people at Morphy Richards Limited include CEO, Jitesh Mehta, and Operations Director, Andrew Wray. Together, they lead the company and ensure that it stays true to its values and commitment to sustainability.
Customers can contact Morphy Richards Limited through their website, which provides product information, warranty registration, and customer support. The company's registered office address is: Mexborough, South Yorkshire, S64 8AJ, United Kingdom.
In conclusion, Morphy Richards Limited is a renowned British company that offers a variety of household appliances. They are committed to sustainability and have implemented various initiatives to reduce their environmental impact. With a strong leadership team and a focus on innovation and quality, the company continues to be a leading brand in the industry.
