MGF TRENCH CONSTRUCTION SYSTEMS LIMITED
Company Information
- Company Number
- 01546198
- Registered Address
- Grant House South Lancashire, Ind Est Lockett Road, Ashton In Makerfield Wigan, Lancashire, WN4 8DE
- Status
- Active
- Employee Count
- 405.0
- Turnover
- 51041000.0
- EBITDA
- 18055000.0
Additional Details
- Website
- https://mgf.ltd.uk/
- Company Type
- Private limited Company
- Incorporated On
- 18 February 1981
- Nature of Business
- 77320 - Renting and leasing of construction and civil engineering machinery and equipment
- Industries
- Property,Infrastructure And Construction
- Region
- North West
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 | 06 Feb 2024 | 49 | 24% | 43% | 33% | 52% |
| 01 Jan 2023 - 01 Jun 2023 | 26 Jul 2023 | 47 | 27% | 42% | 31% | 44% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 50 | 23% | 40% | 37% | 48% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 47 | 27% | 41% | 32% | 47% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 50 | 23% | 39% | 38% | 46% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 53 | 21% | 36% | 43% | 25% |
| 01 Jul 2020 - 31 Dec 2020 | 23 Mar 2021 | 53 | 21% | 35% | 45% | 23% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 56 | 20% | 32% | 48% | 27% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 55 | 19% | 36% | 45% | 23% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 56 | 18% | 34% | 48% | 26% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 51 | 23% | 37% | 40% | 25% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 54 | 22% | 30% | 48% | 17% |
| 01 Jul 2017 - 31 Dec 2017 | 01 Feb 2018 | 69 | 21% | 33% | 46% | 20% |
Company Summary
M.G.F
(Trench Construction Systems) Limited is a leading company in the construction industry, specializing in the design, manufacture, and supply of trench shoring equipment and related products
The company was founded in 1982 and is headquartered in Wigan, England
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using sustainable materials in their products, reducing waste, and implementing energy-saving measures in their operations
M.G.F
offers a wide range of products and services including trench shoring equipment, groundworks solutions, and temporary bridging systems
Their products are designed to provide safe and efficient solutions for underground construction projects
The company has a team of experienced and knowledgeable professionals who work closely with customers to provide tailored solutions for their specific needs
M.G.F
also offers training and support services to ensure the safe and effective use of their products
For more information, customers can visit the company's website at www.mgf.ltd.uk
The registered office address is MGF House, Hindley Business Centre, Platt Lane, Hindley Green, Wigan, WN2 3PA
Overall, M.G.F
is a reputable and reliable company that is dedicated to providing sustainable solutions for the construction industry
Company Review
Trend Analysis
The data shows a trend of decreasing average time to pay invoices for M.G.F. (Trench Construction Systems) Limited from 2017 to 2023.
Volatility Analysis
The data shows a fluctuation in the percentage of invoices paid within 30 days, with a peak of 27% in 2022 and a low of 18% in 2019. There is also a fluctuation in the percentage of invoices paid later than 60 days, with a peak of 52% in 2023 and a low of 40% in 2022.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 or 60 days from end of month
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
90
Dispute Resolution Process
Protracted disputes are very rare. Any complaints/concerns are reviewed and considered by our Accounts, Purchasing and Operations teams and usually resolved by way of email correspondence and telephone calls with our supplier.
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
