MIELE COMPANY LIMITED
Company Information
- Company Number
- 00769014
- Registered Address
- Fairacres, Marcham Road, Abingdon, OX14 1TW
- Status
- Active
- Employee Count
- 410
- Turnover
- £171,707,000
- EBITDA
- £8,482,000
Additional Details
- Website
- https://www.miele.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 26 July 1963
- Nature of Business
- 46150 - Agents involved in the sale of furniture, household goods, hardware and ironmongery
- Industries
- Property-related Goods And Services
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for MIELE COMPANY LIMITED to pay invoices has decreased over the past three periods, from 35 days in 2019 to 28 days in 2021.
Volatility Analysis
The volatility of MIELE COMPANY LIMITED's invoice payment times has decreased over the past three periods, with the average time to pay decreasing by 3 days and the percentage of invoices paid within 30 days increasing by 14%.
Summary Analysis
From 2018 to 2021, MIELE COMPANY LIMITED has shown improvements in their invoice payment times and adherence to agreed payment terms. The average time to pay has decreased by 8 days and the percentage of invoices paid within 30 days has increased by 9%. However, there was a significant increase in the percentage of invoices paid between 31 and 60 days in 2019, which has since improved. In 2019, there was also a period where the percentage of invoices paid later than 60 days was at its highest, indicating a potential issue with timely payment during that time.
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 2021 - 31 Dec 2021 | 25 May 2022 | 28 | 62% | 37% | 1% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 25 May 2022 | 27 | 63% | 37% | 0% | 37% |
| 01 Jul 2020 - 31 Dec 2020 | 17 May 2022 | 30 | 63% | 36% | 1% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 17 May 2022 | 22 | 63% | 36% | 1% | 37% |
| 01 Jul 2019 - 31 Dec 2019 | 13 May 2022 | 29 | 62% | 36% | 2% | 38% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Aug 2019 | 35 | 49% | 39% | 13% | 51% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Mar 2019 | 30 | 52% | 46% | 2% | 48% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Mar 2019 | 28 | 53% | 46% | 1% | 47% |
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
30 days after invoice date as a standard vendor terms.
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
60
Dispute Resolution Process
Vendor complaints and concerns must be addressed to the buyer. The buyer is the Miele employee who ordered the goods/services. The buyer will investigate the issue with the vendor and Miele France Team.
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
MIELE COMPANY LIMITED is a leading German manufacturer of high-quality household appliances and commercial equipment. They are committed to sustainability and have implemented various environmentally friendly practices in their operations.
Their sustainability program focuses on reducing their carbon footprint, promoting energy efficiency, and using sustainable materials in their products. They also have a recycling program for their products and packaging materials to minimize waste.
The company offers a wide range of products, including washing machines, refrigerators, ovens, dishwashers, and vacuum cleaners. These products are known for their high-quality, durability, and energy efficiency.
The key people at MIELE COMPANY LIMITED include Dr. Markus Miele and Dr. Reinhard Zinkann, who are the fourth generation of the Miele and Zinkann families to run the company. They continue to uphold the company's values of quality, innovation, and sustainability.
To contact MIELE COMPANY LIMITED, customers can visit their website at www.miele.co.uk or contact their registered office at Fairacres, Marcham Road, Abingdon, Oxfordshire, OX14 1TW, United Kingdom. The company also has a strong presence on social media, including Facebook, Twitter, and Instagram.
