MITIE SHARED SERVICES LIMITED
Company Information
- Company Number
- 01597821
- Registered Address
- Level 12 The Shard, 32 London Bridge Street, London, England, England, SE1 9SG
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 16 November 1981
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Coming Soon
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
MITIE SHARED SERVICES LIMITED shows a consistent trend of paying beyond typical 30-day terms, with an average payment time of 43 days. While 56% of payments are within 30 days, a substantial 40% routinely fall into the 31-60 day category, indicating a predictable extension of payment cycles. This pattern suggests suppliers should anticipate payments often extending into the second month.
Volatility Analysis
Payment reliability for MITIE SHARED SERVICES LIMITED shows moderate volatility, with 14% of all payments officially classified as late. While 96% of payments occur within 60 days, the significant 40% consistently falling into the 31-60 day bracket, combined with the 14% late rate, indicates a clear risk of extended payment cycles. Suppliers should anticipate that a notable percentage of invoices may not adhere strictly to 30-day terms.
Summary Analysis
Suppliers should approach engagement with MITIE SHARED SERVICES LIMITED anticipating consistent payment terms extending beyond 30 days, given the 43-day average and the significant 40% paid between 31-60 days. The 14% late payment rate highlights a moderate risk, necessitating robust cash flow planning. To mitigate this, suppliers are advised to factor in longer payment windows or consider offering early payment incentives to encourage faster settlement.
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 2025 - 30 Sept 2025 | 29 Oct 2025 | 43 | 56% | 40% | 4% | 14% |
| 01 Oct 2024 - 31 Mar 2025 | 30 Apr 2025 | 40 | 49% | 44% | 7% | 14% |
| 01 Apr 2024 - 30 Sept 2024 | 29 Oct 2024 | 30 | 69% | 28% | 3% | 20% |
| 01 Oct 2023 - 31 Mar 2024 | 29 Apr 2024 | 32 | 65% | 23% | 12% | 25% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 32 | 69% | 26% | 5% | 34% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 21 | 77% | 14% | 9% | 28% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 28 | 70% | 21% | 9% | 24% |
| 01 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 29 | 69% | 27% | 4% | 27% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 33 | 57% | 35% | 8% | 34% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 35 | 53% | 34% | 13% | 41% |
| 01 Sept 2019 - 31 Mar 2020 | 30 Apr 2020 | 33 | 60% | 22% | 18% | 36% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 39 | 63% | 18% | 19% | 32% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 38 | 57% | 19% | 25% | 27% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 47 | 46% | 21% | 33% | 61% |
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. However, consideration is also given to our SME suppliers where alternative payment terms, of 30 days from the end of the month in which a correct and undisputed VAT invoice is dated, may be agreed. 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 information available
Any other information about payment terms
No additional information
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.
❌
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
MITIE SHARED SERVICES LIMITED is an active private limited company
Its name indicates it specialises in providing shared services, typically to support other organisations within a group or to external clients
Incorporated on 16 November 1981, the company operates as an active entity with company number 01597821
Its registered office is located at Level 12 The Shard, 32 London Bridge Street, London, England, SE1 9SG
In the UK market, organisations offering shared services typically provide centralised support functions
These often encompass areas such as finance and accounting, human resources, information technology, and procurement to streamline operations and enhance efficiency
