MP MORAN SONS LIMITED
Company Information
- Company Number
- 01218121
- Registered Address
- 293-301 Kilburn High Road, London, NW6 7JR
- Status
- Active
- Employee Count
- 279.0
- Turnover
- 66920000.0
- EBITDA
- 6897000.0
Additional Details
- Website
- https://mpmoran.co.uk
- 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
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 | 09 Feb 2024 | 42 | 23% | 67% | 10% | 50% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 42 | 26% | 63% | 11% | 47% |
| 01 Jul 2022 - 31 Dec 2022 | 03 Feb 2023 | 42 | 26% | 63% | 11% | 47% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 7 | 90% | 8% | 2% | 42% |
| 01 Jul 2021 - 31 Dec 2021 | 03 Mar 2022 | 35 | 39% | 53% | 8% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2021 | 42 | 29% | 61% | 10% | 39% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 39 | 29% | 62% | 8% | 39% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 47 | 24% | 62% | 14% | 54% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 40 | 28% | 63% | 10% | 51% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 40 | 31% | 56% | 12% | 49% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 36 | 40% | 51% | 9% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 39 | 32% | 58% | 10% | 33% |
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
Company Review
Trend Analysis
The average time to pay for M.P. MORAN & SONS LIMITED has been increasing over the past five periods, with the highest average of 47 days in 2020-01-01 to 2020-06-30 and the lowest average of 35 days in 2021-07-01 to 2021-12-31. However, there was a significant decrease in the average time to pay in the latest period of 2022-01-01 to 2022-06-30, with an average of only 7 days.
Volatility Analysis
The percentage of invoices paid within 30 days has been fluctuating, with the highest percentage of 40% in 2018-07-01 to 2018-12-31 and the lowest percentage of 23% in 2023-07-01 to 2023-12-31. The percentage of invoices paid between 31 and 60 days has also been fluctuating, with the highest percentage of 63% in 2022-07-01 to 2022-12-31 and the lowest percentage of 51% in 2018-07-01 to 2018-12-31. The percentage of invoices paid later than 60 days has also been fluctuating, with the highest percentage of 14% in 2020-01-01 to 2020-06-30 and the lowest percentage of 8% in 2021-07-01 to 2021-12-31.
Summary Analysis
The average time to pay for M.P. MORAN & SONS LIMITED has been increasing over the past five periods, with the highest average of 47 days in 2020-01-01 to 2020-06-30 and the lowest average of 35 days in 2021-07-01 to 2021-12-31. However, there was a significant decrease in the average time to pay in the latest period of 2022-01-01 to 2022-06-30, with an average of only 7 days. The percentage of invoices paid within 30 days has been fluctuating, with the highest percentage of 40% in 2018-07-01 to 2018-12-31 and the lowest percentage of 23% in 2023-07-01 to 2023-12-31. The percentage of invoices paid between 31 and 60 days has also been fluctuating, with the highest percentage of 63% in 2022-07-01 to 2022-12-31 and the lowest percentage of 51% in 2018-07-01 to 2018-12-31. The percentage of invoices paid later than 60 days has also been fluctuating, with the highest percentage of 14% in 2020-01-01 to 2020-06-30 and the lowest percentage of 8% in 2021-07-01 to 2021-12-31.
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 have 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 a 30 day end of following month account.
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
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 invoice falls due, make them aware of why the invoice is on hold, and request what is needed in order to make payment. We do not pass any invoice that does not match our PO.
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
