MACHINE MART LIMITED
Company Information
- Company Number
- 01555925
- Registered Address
- 211 Lower Parliament Street, Nottingham, Nottinghamshire, NG1 1GN
- Status
- Active
- Employee Count
- 407
- Turnover
- £61,972,000
- EBITDA
- £3,814,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 April 1981
- Nature of Business
- 47190 - Other retail sale in non-specialised stores
- Industries
- Commerce Models, Energy, Hardware, Manufacturing, Property, Infrastructure And Construction, Property-related Goods And Services, Raw Materials And Intermediate Goods, Road Travel, Supply Chain, Manufacturing And Commerce Models
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for MACHINE MART LIMITED to pay invoices has increased from 36 days in Jun 2017 to 38 days in May 2019. The percentage of invoices paid within 30 days has decreased from 54% to 50% over the same period. There has been a slight increase in the percentage of invoices paid later than 60 days, from 7% to 7.3%.
Volatility Analysis
The volatility in the time taken for MACHINE MART LIMITED to pay invoices has been relatively low, with an average change of only 1 day over the three periods analysed. The percentage of invoices paid within 30 days has also remained stable, with a maximum change of 4% between periods. However, there has been a slight increase in volatility for the percentage of invoices paid later than 60 days, with a maximum change of 0.3% between periods.
Summary Analysis
In the last three periods, MACHINE MART LIMITED has shown a slight increase in the time taken to pay invoices, with an average of 37 days. However, there has been a decrease in the percentage of invoices paid on time, with only 50% paid within 30 days. The company has also seen a slight increase in the percentage of invoices paid later than 60 days, with 7.3% not paid within agreed terms.
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 Dec 2018 - 31 May 2019 | 10 Dec 2019 | 38 | 50% | 43% | 7% | 14% |
| 01 Dec 2017 - 31 May 2018 | 17 Oct 2018 | |||||
| 01 Jun 2017 - 30 Nov 2017 | 13 Feb 2018 | 36 | 54% | 39% | 7% | 22% |
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Dispute Resolution Process
All invoices are given to the appropriate Departmental Manager for approval. Any disputed invoices are notified to the relevant supplier and resolved as soon as possible.
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
Machine Mart Limited is a UK-based company that specializes in the sale of tools and equipment for the trade and DIY markets. Founded in 1981, the company has over 65 stores across the country, as well as a strong online presence.
The company offers a wide range of products including hand and power tools, welding equipment, workshop machinery, and garden tools. They also have a dedicated customer service team to assist with any inquiries or technical support.
In terms of sustainability, Machine Mart Limited is committed to reducing their environmental impact. They have implemented various initiatives such as recycling programs, energy-efficient lighting, and promoting sustainable transportation methods for their employees.
Key people in the company include the Managing Director, Mr. Philip Green, and the Finance Director, Mr. Andrew Goldsmith.
For more information on their products and services, customers can visit their website at www.machinemart.co.uk. Their registered office address is Machine Mart Limited, 211 Lower Parliament Street, Nottingham, NG1 1GN, United Kingdom.
