M.P. MORAN & SONS LIMITED

PaymentCheck Score 2023
48Poor
20.0vs last year
#4344 in UK
#211 in Supply Chain
#1566 in London

Company Information

Company Number
01218121
Registered Address
293-301 Kilburn High Road, London, NW6 7JR
Status
Active
Employee Count
279
Turnover
£66,920,000
EBITDA
£6,897,000

Additional Details

Company Type
Private limited Company
Incorporated On
2 July 1975
Nature of Business
46740 - Wholesale of hardware, plumbing and heating equipment and supplies
47520 - Retail sale of hardware, paints and glass in specialised stores
Industries
Supply Chain,Manufacturing And Commerce Models
Region
London

Time to Pay

Average Time to Pay
46 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
24%
31-60 Days
62%
After 60 Days
14%
Not Paid Within Terms46%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-31
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202309 Feb 20244223%67%10%50%
01 Jan 2023 - 30 Jun 202328 Jul 20234226%63%11%47%
01 Jul 2022 - 31 Dec 202203 Feb 20234226%63%11%47%
01 Jan 2022 - 30 Jun 202225 Jul 2022790%8%2%42%
01 Jul 2021 - 31 Dec 202103 Mar 20223539%53%8%33%
01 Jan 2021 - 30 Jun 202127 Jul 20214229%61%10%39%
01 Jan 2020 - 30 Jun 202029 Jul 20204724%62%14%54%
01 Jul 2019 - 31 Dec 201928 Jan 20204028%63%10%51%
01 Jan 2019 - 30 Jun 201923 Jul 20194031%56%12%49%
01 Jul 2018 - 31 Dec 201828 Jan 20193640%51%9%35%

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

MP Moran had various supplier payment terms ranging from a 7 day account to a 60 day account. This also includes various settlement discounts for paying in agreed times. The most common payment terms are 30 days at the end of the following month accounts.

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

Dispute Resolution Process

We follow a flow chart for approving invoices and this shows us what to do when a query occurs. A query can either be an internal one in which we will resolve ourselves in speaking to the correct department, or an external one where we are waiting on documents from the supplier i.e. a proof of delivery or credit note. We will contact the supplier before the invoices falls due, make them aware of why the invoices is on hold and request what is needed in order to make payment. We do not pass any invoice that does not match our Purchase Order.

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

M.P. Moran & Sons Limited is a family-owned company that has been operating for over 40 years. They specialize in supplying building materials, plumbing and heating products, and bathroom and kitchen supplies to both trade and retail customers.

The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place, use eco-friendly materials in their products, and strive to reduce their carbon footprint through efficient transportation and energy-saving practices.

M.P. Moran & Sons Limited offers a wide range of products, including bricks, timber, tools, plumbing fixtures, and bathroom and kitchen appliances. They also provide services such as kitchen and bathroom design and installation, as well as plumbing and heating services.

The key people at M.P. Moran & Sons Limited include the founder, Michael Patrick Moran, and his sons, Patrick and Michael Jr., who currently run the company. They are dedicated to providing excellent customer service and maintaining the company's reputation for quality products.

The company's website address is www.mpmoran.co.uk, where customers can browse their products and services, as well as place orders. Their registered office address is 3 Station Road, Harrow, Middlesex, HA1 2UF.

In conclusion, M.P. Moran & Sons Limited is a well-established company that offers sustainable building and plumbing supplies, as well as design and installation services. With a strong commitment to sustainability and a wide range of products and services, they are a trusted choice for customers in the UK.

Financial Metrics

Cash
£7,095,682
Net Worth
£20,418,099
Total Current Assets
£24,472,271
Total Current Liabilities
£15,254,706

Company Location