MIDLAND EXPRESSWAY LIMITED
Company Information
- Company Number
- 02309767
- Registered Address
- Operations Centre, Express Way, Weeford Lichfield, Staffordshire, WS14 0PQ
- Status
- Active
- Employee Count
- 132
- Turnover
- £139,348,000
- EBITDA
- £123,214,000
Additional Details
- Website
- https://www.m6toll.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 27 October 1988
- Nature of Business
- 49390 - Other passenger land transport49410 - Freight transport by road
- Industries
- Distribution And Delivery, Road Travel
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 2024 - 31 Dec 2024 | 04 Apr 2025 | 34 | 32% | 65% | 3% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 32 | 42% | 56% | 2% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 33 | 38% | 59% | 3% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 34 | 33% | 64% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Nov 2022 | 36 | 30% | 66% | 4% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 40 | 27% | 63% | 10% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 10 Aug 2021 | 40 | 37% | 55% | 9% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Feb 2021 | 34 | 41% | 54% | 5% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 31 | 52% | 46% | 2% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 33 | 45% | 53% | 2% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 37 | 33% | 61% | 6% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 36 | 39% | 58% | 3% | 3% |
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 net from the end of month following the invoice date
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
Disputes are resolved by discussion with the relevant people who are the supplier, credit control and the requisitioner
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
Midland Expressway Limited is a private company that operates and maintains the M6toll motorway in the United Kingdom. The company was established in 1992 and its registered office is located in Cannock, Staffordshire.
The primary activity of Midland Expressway Limited is to manage and operate the M6toll motorway, which connects the M6 motorway near Birmingham to the M6 motorway near Cannock. This motorway provides a faster and more convenient route for drivers, reducing travel time and relieving congestion on surrounding roads.
In addition to its core business, Midland Expressway Limited has a strong focus on sustainability. The company has implemented various initiatives to reduce its environmental impact, such as using renewable energy sources and implementing a waste management plan. They also actively promote car sharing and offer discounted rates to electric and hybrid vehicles.
Midland Expressway Limited offers a range of products and services to its customers, including electronic tolling options, pre-paid accounts, and discounts for frequent users. They also provide a 24/7 customer service helpline for any inquiries or assistance.
The company is led by a Board of Directors, with Tim Matthews serving as the Chief Executive Officer. The Board is responsible for overseeing the strategic direction of the company and ensuring its sustainable practices.
For more information on Midland Expressway Limited, including toll rates, traffic updates, and company news, you can visit their website at www.m6toll.co.uk. Their registered office address is MEL House, 23-25 Pendower Road, Lichfield Road Industrial Estate, Tamworth, Staffordshire, B78 3QY.
