ST MODWEN DEVELOPMENTS LIMITED
Company Information
- Company Number
- 00892832
- Registered Address
- Two Devon Way, Longbridge, Birmingham, United Kingdom, B31 2TS
- Status
- Active
- Employee Count
- 0.0
- Turnover
- 69604000.0
- EBITDA
- -89170000.0
Additional Details
- Website
- https://stmodwen.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 28 November 1966
- Nature of Business
- 41100 - Development of building projects
- Industries
- Property,Infrastructure And Construction
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 2023 - 31 Dec 2023 | 31 Jan 2024 | 24 | 87% | 10% | 3% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 24 | 84% | 13% | 3% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 23 | 86% | 11% | 3% | 12% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 22 | 88% | 10% | 2% | 10% |
| 01 Jun 2021 - 31 Dec 2021 | 27 Jan 2022 | 23 | 86% | 12% | 2% | 11% |
| 01 Dec 2020 - 31 May 2021 | 29 Jun 2021 | 29 | 73% | 21% | 6% | 22% |
| 01 Jun 2020 - 30 Nov 2020 | 22 Dec 2020 | 34 | 60% | 32% | 8% | 39% |
| 01 Dec 2019 - 31 May 2020 | 29 Jun 2020 | 32 | 58% | 37% | 5% | 34% |
| 01 Jun 2019 - 30 Nov 2019 | 24 Dec 2019 | 34 | 63% | 32% | 5% | 28% |
| 01 Dec 2018 - 31 May 2019 | 24 Jun 2019 | 36 | 62% | 29% | 9% | 21% |
| 01 Jun 2018 - 30 Nov 2018 | 20 Dec 2018 | 37 | 63% | 28% | 9% | 20% |
| 01 Dec 2017 - 31 May 2018 | 22 Jun 2018 | 31 | 77% | 13% | 10% | 15% |
Company Summary
St
Modwen Developments Limited is a UK-based real estate development company that specializes in creating sustainable and vibrant communities
They have a strong focus on sustainability, with a commitment to reducing their environmental impact and promoting social responsibility
The company offers a wide range of products and services, including residential, commercial, and industrial developments, as well as strategic land and regeneration projects
They work closely with local communities and stakeholders to ensure their developments meet the needs of the area and promote economic growth
St
Modwen's sustainability program includes initiatives such as using renewable energy sources, reducing carbon emissions, and promoting biodiversity in their developments
They also have a strong focus on social sustainability, with a commitment to supporting local charities and community projects
The key people at St
Modwen include CEO Mark Allan and Chairman Danuta Gray, who both bring extensive experience in the real estate industry
The company's registered office address is at Longbridge Technology Park, 1 Devon Way, Birmingham, B31 2TS, United Kingdom
Their website, www.stmodwen.co.uk, provides information on their current and past developments, as well as updates on their sustainability efforts
Overall, St
Modwen Developments Limited is a leading real estate company that prioritizes sustainability and community engagement in their projects
Company Review
Trend Analysis
The data shows a steady decrease in the average time taken for ST. MODWEN DEVELOPMENTS LIMITED to pay invoices to suppliers. From a high of 37 days in the period of June 2018 to November 2018, it has decreased to 24 days in the period of July 2023 to December 2023. This indicates an improvement in the company's efficiency in paying invoices.
Volatility Analysis
The volatility in the data can be seen in the percentage of invoices paid within 30 days. It fluctuates between 58% in the period of December 2019 to May 2020 to a high of 88% in the period of January 2022 to June 2022. This shows that while the company has improved in paying invoices in a timely manner, there is still some inconsistency in this area.
Summary Analysis
The data for ST. MODWEN DEVELOPMENTS LIMITED shows a consistent improvement in the average time taken to pay invoices, with a decrease from 31 days in the period of December 2017 to May 2018 to 24 days in the period of July 2023 to December 2023. This improvement can also be seen in the increase of the percentage of invoices paid within 30 days, from 77% in the period of December 2017 to May 2018 to 86% in the period of July 2023 to December 2023.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
St. Modwen Developments Ltd’s standard supplier payment terms are ’45 days from date of invoice’. Subcontractor suppliers are paid more quickly in line with their contract. Payment of any amount ascertained in accordance with the Contract under an Interim Application (if any) to the Contractor shall become due 28 days after the Application Date ("Payment Due Date"). St. Modwen Developments Ltd is committed to supporting SMEs which are therefore paid on shorter terms, between 14 and 30 days.
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
45
Dispute Resolution Process
St. Modwen Developments Ltd is committed to fair dealing with all of its supply chain members, and transparency and swift resolution of disputed items are key principles in this process. If a dispute arises the parties will attempt, in good faith, to reach settlement as soon as possible. If the dispute is not resolved it shall be referred to expert determination.
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
