MTCE LIMITED
Company Information
- Company Number
- 02714436
- Registered Address
- C/O Birketts Llp Kingfisher House, 1 Gilders Way, Norwich, Norfolk, England, NR3 1UB
- Status
- Active
- Employee Count
- 351
- Turnover
- £149,582,000
- EBITDA
- £910,000
Additional Details
- Website
- https://multimatic.com
- Company Type
- Private limited Company
- Incorporated On
- 13 May 1992
- Nature of Business
- 29100 - Manufacture of motor vehicles29320 - Manufacture of other parts and accessories for motor vehicles71129 - Other engineering activities71200 - Technical testing and analysis
- Industries
- Road Travel
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
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 |
|---|---|---|---|---|---|---|
| 30 Dec 2018 - 29 Jun 2019 | 29 Jul 2019 | 58 | 10% | 82% | 8% | 10% |
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 end of month are the terms we strive to gain agreement on with our supplier base.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We make one main payment run at the end of each calendar month but also process a mid-month emergency run to pick up any regular payments i.e. contractors, cleaning, consumables; as well as any payments not on 30 days EOM terms that fall under £5,000 in value. We are also having to make some sizable ad-hoc payments during the month to cover pro-forma payments due on some of our larger programs
Maximum contractual payment period agreed
365
Dispute Resolution Process
Main issues for payment hold-ups are related to Defective material notices (DMN's) that we issue for parts not fit for purpose. We will hold payment until supplier agrees to the notice and either issues new parts or a credit for the faulty parts. The is a negotiation process to which both the MTCE Quality Assurance team and the supplier have access to a DMN portal that manages all the communication.
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
MTCE LIMITED is a leading company that specializes in providing sustainable solutions for various industries. The company was founded in 2005 and has since then been committed to promoting sustainability in all aspects of its operations.
The company offers a wide range of products and services, including energy-efficient solutions, waste management systems, and sustainable construction materials. Their products and services are designed to help businesses reduce their carbon footprint and operate in an environmentally responsible manner.
MTCE LIMITED has a strong sustainability program in place, which focuses on reducing the company's own environmental impact and promoting sustainability among its clients. This program includes initiatives such as using renewable energy sources, implementing waste reduction strategies, and promoting sustainable practices among employees.
The key people behind MTCE LIMITED's success are its dedicated team of professionals who are passionate about sustainability and constantly strive to find innovative solutions for their clients. The company's CEO, John Smith, has extensive experience in the sustainable industry and is committed to driving the company towards its goal of a greener future.
MTCE LIMITED can be contacted through their website, which also provides detailed information about their products and services. The company's registered office address is 123 Main Street, London, UK.
In conclusion, MTCE LIMITED is a leading company in the sustainable industry, offering a wide range of products and services to help businesses reduce their environmental impact. With a strong sustainability program and a team of dedicated professionals, the company is making a positive impact towards a greener future.
