ME GROUP INTERNATIONAL PLC exhibits a very strong trend of prompt payments, with an impressive 95% of invoices consistently settled within the average 30-day payment period. This indicates a highly stable and predictable payment trajectory, signifying reliable operational consistency over time.
Payment reliability for ME GROUP INTERNATIONAL PLC is exceptionally high, as only 5% of payments extend beyond the 30-day term, with just 2% experiencing significant delays over 60 days. This profile suggests very low payment volatility and high predictability, presenting minimal risk factors for inconsistent payment schedules.
Overall, ME GROUP INTERNATIONAL PLC is assessed as a highly favorable payment partner, demonstrating excellent on-time performance and very low overall payment risk for suppliers. Suppliers can proceed with high confidence; however, it is advisable to be aware of the minor 2% risk of payments potentially extending beyond 60 days.
| 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 Nov 2018 - 30 Apr 2019 | 09 Jul 2019 | 30 | 95% | 3% | 2% | 2% |
| 01 May 2018 - 30 Oct 2018 | 15 May 2019 | 15 | 95% | 2% | 3% | 5% |
| 01 Nov 2017 - 30 Apr 2018 | 15 May 2019 | 30 | 94% | 4% | 2% | 4% |
| 01 May 2017 - 30 Oct 2017 | 23 Mar 2018 | 30 | 95% | 3% | 2% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms are 30 days, some suppliers have shorter terms (utility bills) and a few more than 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
If the invoice is not approved for some reasons the head of department get in touch with the supplier to query the invoice in order to sort out the issue
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
ME GROUP INTERNATIONAL PLC is an active Public limited Company structured as an international group. This company type allows for shares to be offered and traded publicly.
Incorporated on 14 September 1962, the company is registered under company number 00735438. Its registered office is situated at Unit 3b Blenheim Road, Epsom, KT19 9AP, placing its operations within the South East region.
As a Public limited Company, ME GROUP INTERNATIONAL PLC operates within a legal framework that enables it to raise capital by offering shares to the public. However, the specific range of services or products offered by the company is not detailed in the provided information.