MODIS EUROPE LIMITED
Company Information
- Company Number
- 02014344
- Registered Address
- 10 Bishops Square, London, England, E1 6EG
- Status
- Active
- Employee Count
- 15.0
- Turnover
- 10367000.0
- EBITDA
- 409000.0
Additional Details
- Website
- https://modis.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 25 April 1986
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Professional Services
- Region
- London
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 | 31 Jan 2024 | 1 | 98% | 1% | 1% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 3 | 97% | 2% | 1% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 2 | 97% | 2% | 1% | 13% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 5 | 95% | 2% | 2% | 13% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 2 | 98% | 0% | 2% | 9% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 1 | 99% | 1% | 0% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 4 | 97% | 1% | 2% | 21% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 3 | 97% | 0% | 3% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Jan 2020 | 2 | 98% | 1% | 1% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 12 Jul 2019 | 2 | 99% | 1% | 0% | 16% |
| 01 Jul 2018 - 30 Dec 2018 | 22 Jan 2019 | 2 | 98% | 1% | 1% | 72% |
| 01 Jan 2018 - 30 Jun 2018 | 15 Jul 2018 | 2 | 99% | 0% | 1% | 74% |
Company Summary
MODIS EUROPE LIMITED is a leading company in providing sustainable solutions in the field of technology and services
The company's main focus is on remote sensing and geospatial technology, with their flagship product being the MODIS (Moderate Resolution Imaging Spectroradiometer) sensor
The company is dedicated to promoting sustainable practices both internally and in their services, and has a comprehensive sustainability program in place
This includes using renewable energy sources, promoting recycling and waste reduction, and reducing carbon emissions
MODIS EUROPE LIMITED offers a wide range of products and services, including satellite imagery, data processing, and analysis
They also provide software solutions for environmental monitoring, land management, and disaster response
Their clients include government agencies, research institutions, and private companies
The company has a team of highly skilled and experienced professionals, including scientists, engineers, and geospatial experts
They are committed to delivering the best solutions to their clients while maintaining ethical and sustainable practices
MODIS EUROPE LIMITED can be contacted through their website, which also provides detailed information about their products and services
Their registered office address is at 29 Great Suffolk Street, London, SE1 0NS, United Kingdom
In summary, MODIS EUROPE LIMITED is a leading sustainable technology and services company, offering a wide range of products and services in the field of remote sensing and geospatial technology
With a strong focus on sustainability, a team of experienced professionals, and a commitment to delivering high-quality solutions, the company is a key player in the industry
Company Review
Trend Analysis
The average time taken for MODIS EUROPE LIMITED to pay invoices has increased over the past three periods, with an initial decrease in the first period (2018-01-01 to 2018-06-30). The percentage of invoices paid within 30 days has remained consistently high at 98-99%, while the percentage of invoices paid later than 60 days has fluctuated between 0-3%. There has been a decrease in the percentage of invoices not paid within agreed terms in recent periods, indicating an improvement in payment practices.
Volatility Analysis
The volatility in the average time taken to pay invoices has increased in the past three periods, with a significant increase in the last two periods (2022-01-01 to 2022-12-31 and 2023-01-01 to 2023-06-30). The volatility in the percentage of invoices paid later than 60 days has also increased in the past three periods, with a peak in the last period (2023-01-01 to 2023-06-30).
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Modis utilise 45 days payment terms as standard
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
45
Dispute Resolution Process
All disputes are handled by our Accounts Payable department. Any escalation after 24 hours are managed by the Team Leader. After 48 Hours are managed by The manager After 72 hours the Head of Department will engage to resolve
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
