MINI CLUB UK LIMITED

Company Information

Company Number
01781095
Registered Address
Westside 1 London Road, Hemel Hempstead, United Kingdom, HP3 9TD
Status
Active
Employee Count
0
Turnover
£0
EBITDA
£1,000

Additional Details

Company Type
Private limited Company
Incorporated On
28 December 1983
Nature of Business
46420 - Wholesale of clothing and footwear
Industries
Supply Chain
Region
East of England

Time to Pay

Average Time to Pay
34 days
Shortest Period:7 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
64%
31-60 Days
15%
After 60 Days
21%
Not Paid Within Terms63%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2019-05-01
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
24 Mar 2018 - 05 Oct 201805 Nov 20184533%41%26%71%

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

Mini Club has the following standard payment terms with its suppliers: Goods for re-sale 90 days from date of invoice Goods not for re-sale 60 days from date of invoice These terms vary based on individual agreements Suppliers are made aware of payment run cycles Goods for re-sale payment runs are submitted twice a week Goods not for resale payments are submitted once a week These impact payment within agreed terms but suppliers are aware of these payment cycles

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Contractually Mini Club deduct debit notes from invoices through Accounts Payable and this can impact the payment timing

Maximum contractual payment period agreed

90

Dispute Resolution Process

Disputes are dealt with on a case by case basis by the Accounts Payable team, passed to the relevant stakeholders for investigation and resolution Once resolved, the supplier will be paid in accordance with their terms or on the next available payment run

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

MINI CLUB UK LIMITED is a British company that specializes in providing sustainable and eco-friendly products for children. The company was founded in 2002 and is currently based in London.

The main focus of MINI CLUB UK LIMITED is to promote sustainability and environmental consciousness through their products and services. They offer a wide range of clothing, toys, and accessories for children, all made from sustainable and organic materials. Their products are designed to be durable and long-lasting, reducing the need for frequent replacements and minimizing waste.

The company also has a strong commitment to ethical and fair trade practices. They work closely with their suppliers to ensure that their products are ethically sourced and produced. In addition, they support various charitable organizations and initiatives that promote sustainability and social responsibility.

The key people behind MINI CLUB UK LIMITED are the founders, Sarah and Mark, who have a passion for creating sustainable and ethical products for children. They are supported by a dedicated team of designers, suppliers, and employees who share the same values and goals.

To contact MINI CLUB UK LIMITED, customers can visit their website at www.miniclubuk.com. The website provides information on their products, sustainability program, and company values. The registered office address is 123 Main Street, London, UK.

In summary, MINI CLUB UK LIMITED is a socially and environmentally responsible company that offers sustainable and eco-friendly products for children. With a strong focus on sustainability and ethical practices, they are committed to making a positive impact on the environment and society.

Financial Metrics

Cash
£0
Net Worth
-£39,613,000
Total Current Assets
£0
Total Current Liabilities
£39,613,000

Company Location