MARKEN LIMITED
Company Information
- Company Number
- 01485138
- Registered Address
- Ground Floor 107 Power Road, Chiswick, London, W4 5PY
- Status
- Active
- Employee Count
- 756
- Turnover
- £284,473,000
- EBITDA
- £29,768,000
Additional Details
- Website
- https://marken.com
- Company Type
- Private limited Company
- Incorporated On
- 13 March 1980
- Nature of Business
- 52290 - Other transportation support activities
- Industries
- Travel And Transportation
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 | 31 Jan 2022 | 141 | 47% | 15% | 38% | 41% |
| 01 Jan 2021 - 30 Jun 2021 | 06 Aug 2021 | 41 | 59% | 21% | 20% | 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
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Excluding intercompany invoices average payment days are 32 days (Jul-Dec21)
Maximum contractual payment period agreed
60
Dispute Resolution Process
In general, Marken’s dispute resolution process is outlined in the contractual agreement with each supplier. In the first instance, the team responsible for reviewing invoices, queries with the supplier the disputed invoice within fifteen days of invoice receipt. Any unresolved issue will then be escalated within the business.
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.
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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
Company Summary
MARKEN LIMITED is a UK-based company that specializes in providing logistics and supply chain solutions to the pharmaceutical and healthcare industries. The company was founded in 1980 and is headquartered in London, with offices and operations in over 50 countries.
The company's activities include transportation, storage, and distribution of pharmaceutical products and clinical trial materials. They also offer a range of services such as customs clearance, temperature-controlled packaging, and specialized handling of hazardous materials. MARKEN LIMITED prides itself on its fast and reliable delivery services, ensuring that vital medicines and supplies reach their destinations on time.
In addition to their core services, MARKEN LIMITED is dedicated to sustainability and has implemented various initiatives to reduce its environmental impact. This includes using eco-friendly packaging materials, optimizing transportation routes to reduce carbon emissions, and implementing energy-efficient practices in their facilities.
The key people at MARKEN LIMITED include their CEO, Wes Wheeler, who has over 30 years of experience in the pharmaceutical and logistics industries. The company's website (www.marken.com) provides information about their services, sustainability efforts, and contact details.
MARKEN LIMITED's registered office address is 3 Furzeground Way, Stockley Park, Uxbridge, Middlesex, UB11 1EZ. The company has a global presence and can be reached through their website or by contacting their regional offices. With their commitment to sustainability and efficient logistics solutions, MARKEN LIMITED continues to be a leader in the pharmaceutical and healthcare industry.
