MITIE INTEGRATED SERVICES LIMITED
Company Information
- Company Number
- 01531601
- Registered Address
- Level 12, The Shard, 32 London Bridge Street, London, England, SE1 9SG
- Status
- Active
- Employee Count
- 324
- Turnover
- £25,364,000
- EBITDA
- £3,550,000
Additional Details
- Website
- https://interserve.com
- Company Type
- Private limited Company
- Incorporated On
- 2 December 1980
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for MITIE INTEGRATED SERVICES LIMITED to pay invoices has been fluctuating over the past three periods. In the first two periods (2018-01 to 2019-12), the average time was steadily increasing, while in the most recent period (2020-01 to 2021-09), the average time has decreased slightly.
Volatility Analysis
The volatility of MITIE INTEGRATED SERVICES LIMITED's payment patterns can be seen in the large changes in the percentages of invoices paid within 30 days and those paid later than 60 days. In the first two periods, there was a significant increase in the percentage of invoices paid later than 60 days, while in the most recent period, there has been a decrease in this percentage.
Summary Analysis
Between the first and third periods (2018-01 to 2021-03), there was a significant increase in the average time taken for MITIE INTEGRATED SERVICES LIMITED to pay invoices (from 26 days to 62 days). During this time, there was also a decrease in the percentage of invoices paid within 30 days (from 67% to 43%) and an increase in the percentage of invoices paid later than 60 days (from 5% to 17%). However, in the most recent period (2021-04 to 2021-09), there has been a slight decrease in the average time taken to pay invoices (from 62 days to 58 days), an increase in the percentage of invoices paid within 30 days (from 43% to 47%), and a decrease in the percentage of invoices paid later than 60 days (from 17% to 16%). The company's shortest standard payment period has remained consistent at 60 days throughout all periods.
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 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 58 | 37% | 47% | 16% | 34% |
| 01 Jan 2021 - 31 Mar 2021 | 06 Aug 2021 | 62 | 43% | 40% | 17% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 57 | 53% | 20% | 27% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 49 | 41% | 45% | 14% | 28% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 61 | 36% | 37% | 27% | 41% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 62 | 28% | 40% | 32% | 62% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 28 | 61% | 33% | 6% | 49% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 26 | 67% | 28% | 5% | 49% |
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
Our standard payment terms state that payment of supplier invoices for goods and services will be made 60 days from the end of the month in which a correct, undisputed and properly due VAT invoice is received, unless otherwise agreed by a duly authorised representative. The business also operates a no purchase order, no pay policy, unless otherwise agreed, in exceptional circumstances, by a duly authorised representative. Invoices received, and which do not include a valid purchase order number, are rejected and returned to the supplier.
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 recognise the strategic importance of our supply chain partners, and as such are committed to treating them fairly. Our preference is to always address disputes in a transparent and timely manner, always acting in good faith, through open and constructive discussion. If such discussions fail to resolve a dispute, an authorised representative of the supplier and the company shall, within 30 days of a written request from one party to the other, meet in good faith to resolve the dispute. If the dispute remains unresolved either the supplier or the company shall refer it to mediation in accordance with the Centre for Effective Dispute Resolution ("CEDR") Model Mediation Procedure that is in force at the date of the referral.
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
Company Summary
MITIE INTEGRATED SERVICES LIMITED is a leading facilities management company based in the United Kingdom. The company offers a range of services including cleaning, security, catering, and technical services to businesses and organizations.
As part of their commitment to sustainability, MITIE INTEGRATED SERVICES LIMITED has implemented a comprehensive sustainability program. This includes reducing their carbon footprint, promoting waste reduction and recycling, and using eco-friendly products and practices in their operations.
The company's products and services are designed to meet the highest standards of sustainability. They offer environmentally friendly cleaning solutions, energy-efficient security systems, and sustainable catering options. Additionally, MITIE INTEGRATED SERVICES LIMITED works closely with their clients to develop bespoke sustainability programs tailored to their specific needs.
Key people at MITIE INTEGRATED SERVICES LIMITED include CEO Phil Bentley and Executive Director Andrew Peeler. The company's registered office address is at 1 Harlequin Office Park, Fieldfare, Emersons Green, Bristol, BS16 7FN. Their website address is www.mitie.com.
In summary, MITIE INTEGRATED SERVICES LIMITED is a reputable facilities management company in the UK, offering sustainable solutions to their clients. Their commitment to sustainability, along with their range of quality products and services, makes them a top choice for businesses and organizations looking for environmentally responsible solutions.
