MCLAREN SERVICES LIMITED
Company Information
- Company Number
- 01967715
- Registered Address
- Mclaren Technology Centre, Chertsey Road, Woking, Surrey, GU21 4YH
- Status
- Active
- Employee Count
- 141.0
- Turnover
- 151473000.0
- EBITDA
- 6741000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 2 December 1985
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Travel And Transportation
- Region
- South East
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 | 56 | 12% | 61% | 26% | 45% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 59 | 10% | 61% | 29% | 69% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 61 | 12% | 63% | 25% | 26% |
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 54 | 11% | 65% | 24% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 57 | 10% | 58% | 32% | 64% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 57 | 10% | 58% | 32% | 64% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 59 | 10% | 55% | 35% | 74% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 78 | 12% | 40% | 48% | 73% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 64 | 11% | 45% | 44% | 69% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 52 | 13% | 67% | 20% | 57% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Aug 2019 | 53 | 9% | 73% | 18% | 55% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Aug 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 54 | 9% | 66% | 25% | 71% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 55 | 9% | 68% | 24% | 63% |
Company Summary
MCLAREN SERVICES LIMITED is a UK-based company that provides a range of services to various industries
They are committed to sustainability and have implemented a sustainability program to reduce their environmental impact
The company offers a variety of services, including project management, engineering, and consultancy services
Their services cater to the construction, infrastructure, energy, and transportation sectors
They also offer specialist services in areas such as fire engineering and digital solutions
MCLAREN SERVICES LIMITED has a team of highly skilled and experienced professionals who are dedicated to providing quality services to their clients
Their key people include the Managing Director, Operations Director, and Finance Director
In terms of sustainability, the company has set targets to reduce their carbon footprint, increase energy efficiency, and promote sustainable practices in their operations
They also work closely with their clients to help them achieve their sustainability goals
Some of the products and services offered by MCLAREN SERVICES LIMITED that promote sustainability include sustainable building design, renewable energy solutions, and waste management strategies
They also have a strong focus on using sustainable materials and implementing green construction practices
To contact MCLAREN SERVICES LIMITED, you can visit their website at www.mclaren.com or reach out to their registered office at 35 Great St Helen's, London, EC3A 6AP
Overall, MCLAREN SERVICES LIMITED is a leading company in the UK, committed to providing sustainable solutions to their clients and minimizing their environmental impact
Company Review
Trend Analysis
The trend for MCLAREN SERVICES LIMITED's average time to pay invoices has been fluctuating over the past three periods. In the first period, from Jan 2018 to Jun 2019, the average time to pay was 55 days. This decreased to 53 days in the following period, from Jul 2018 to Dec 2019. However, in the most recent period, from Jan 2020 to Jun 2021, the average time to pay increased to 59 days.
Volatility Analysis
MCLAREN SERVICES LIMITED's average time to pay invoices has shown a moderate level of volatility over the past three periods. The average time to pay has fluctuated between 53 and 59 days, with an overall increase in the most recent period.
Summary Analysis
From Jan 2018 to Jun 2021, MCLAREN SERVICES LIMITED's average time to pay invoices has fluctuated between 53 and 59 days. In the first period, from Jan 2018 to Jun 2019, the company showed a slight decrease in the average time to pay, from 55 days to 53 days. In the following period, from Jul 2018 to Dec 2019, the average time to pay increased to 59 days. In the most recent period, from Jan 2020 to Jun 2021, the average time to pay remained at 59 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
McLaren standard terms vary mainly due to terms having been changed over the years. Generally Suppliers are set up as EOM +60. During the tender process these standard terms are at times changed to facilitate contract negotiations. In this reporting period we have 10 types of Terms ranging from Immediate to EOM plus 60, the most recent contracts are generally set up as EOM + 60.
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
92
Dispute Resolution Process
Email or phone
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