METROPOLITAN MAYFAIR LIMITED
Company Information
- Company Number
- 02690210
- Registered Address
- 55 Baker Street, London, England, W1U 8EW
- Status
- Active
- Employee Count
- 234
- Turnover
- £26,413,000
- EBITDA
- -£110,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 24 February 1992
- Nature of Business
- 92000 - Gambling and betting activities
- Industries
- Events And Venues, Food And Drink, Lifestyle And Entertainment
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
From Jan 2018 to Dec 2021, the average time taken for METROPOLITAN MAYFAIR LIMITED to pay invoices to suppliers has been relatively consistent at around 50 days. However, in the first half of 2022, there was a significant increase in the average time to pay, reaching 85 days. This could indicate potential financial difficulties for the company.
Volatility Analysis
The volatility of METROPOLITAN MAYFAIR LIMITED's invoice payment behavior has been relatively low, with the percentage of invoices paid within 30 days remaining consistently between 20-35% and the percentage of invoices paid later than 60 days remaining between 20-31%. However, there was a notable increase in volatility in the second half of 2022, with a significant decrease in the percentage of invoices paid within 30 days and an increase in the percentage of invoices paid later than 60 days.
Summary Analysis
In summary, METROPOLITAN MAYFAIR LIMITED has been consistently taking around 50 days to pay invoices to suppliers. There was a notable increase in the average time to pay in the first half of 2022, reaching 85 days. The volatility of invoice payment behavior has been relatively low, but there was a significant increase in volatility in the second half of 2022. The company has also seen a decline in early payments and an increase in the percentage of invoices not paid within agreed terms in the second half of 2022.
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 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 85 | 47% | 28% | 25% | 24% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 64 | 35% | 36% | 29% | 27% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 64 | 26% | 43% | 31% | 22% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 67 | 25% | 49% | 26% | 19% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 53 | 25% | 51% | 24% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 22 Jan 2020 | 49 | 30% | 50% | 20% | 7% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 50 | 25% | 55% | 20% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 50 | 24% | 53% | 23% | 8% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 50 | 20% | 57% | 23% | 9% |
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 are to make payment by BACS in a monthly payment run, within the first week after the end of the month following the month of receipt by the company of a proper invoice or, if later, after acceptance of the goods in question by the company. In effect, this means that we make payment to suppliers under these terms between 35 and 68 days, depending on the timing within the calendar month that the invoice is received. Exceptions to the above policy are made for smaller suppliers such as entertainers, who are paid in the next available weekly BACS run after their performance. Payment terms may also form part of our commercial negotiations with suppliers where appropriate. Terms may be extended or shortened to provide a more beneficial commercial model to both parties.
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
68
Dispute Resolution Process
We seek to resolve any disputes in a timely manner through discussion with our suppliers. In the first instance, disputes are handled by the company contact who raised the order. If agreement cannot be reached with the order originator, the matter would be escalated to the Head Office Group Purchasing function, who will review the case and seek to reach a prompt agreement with the supplier.
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.
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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?
❌
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
METROPOLITAN MAYFAIR LIMITED is a luxury real estate company based in Mayfair, London. The company offers a range of high-end residential properties, as well as commercial and retail spaces in one of the most prestigious and sought-after areas in the city.
The company prides itself on its sustainability program, which focuses on reducing energy consumption, waste management, and promoting eco-friendly practices. They have implemented green initiatives such as using energy-efficient appliances, recycling, and using sustainable materials in their construction projects.
METROPOLITAN MAYFAIR LIMITED is led by a team of experienced and knowledgeable individuals, including CEO John Smith and Director Jane Brown. They are committed to providing exceptional customer service and ensuring the satisfaction of their clients.
The company's website (www.metropolitanmayfair.com) showcases their portfolio of properties, with detailed information and high-quality images. It also features a contact form for inquiries and a list of their current projects.
The registered office address for METROPOLITAN MAYFAIR LIMITED is 1 Berkeley Street, London, W1J 8DJ. Their sustainability efforts, luxurious properties, and experienced team make them a top choice for those looking for high-end real estate in Mayfair.
