MORGAN LOVELL PLC

PaymentCheck Score 2025
90Good
0.5vs last year
#919 in UK
#69 in Property
#428 in London

Company Information

Company Number
02755027
Registered Address
Kent House, 14 - 17 Market Place, London, W1W 8AJ
Status
Active
Employee Count
160
Turnover
£100,920,000
EBITDA
£8,353,000

Additional Details

Company Type
Public limited Company
Incorporated On
12 October 1992
Nature of Business
41201 - Construction of commercial buildings
Industries
Property,Infrastructure And Construction
Region
London

Time to Pay

Average Time to Pay
19 days
Shortest Period:14 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
84%
31-60 Days
13%
After 60 Days
3%
Not Paid Within Terms7%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2025-01-20
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202517 Jul 20251983%13%4%8%
01 Jul 2024 - 31 Dec 202420 Jan 20251984%13%3%7%
01 Jan 2024 - 30 Jun 202418 Jul 20242183%14%3%13%
01 Jul 2023 - 31 Dec 202323 Jan 20242183%13%4%6%
01 Jul 2022 - 31 Dec 202216 Jan 20232575%21%4%0%
01 Jan 2022 - 30 Jun 202218 Jul 20222970%25%5%5%
01 Jul 2021 - 31 Dec 202128 Jan 20222772%23%5%5%
01 Jan 2021 - 30 Jun 202114 Jul 20212677%18%5%8%
01 Jul 2020 - 31 Dec 202021 Jan 20211884%14%2%6%
01 Jan 2019 - 30 Jun 201912 Jul 20192272%24%4%4%
01 Jul 2018 - 31 Dec 201823 Jan 20191784%14%2%17%
01 Jan 2018 - 30 Jun 201826 Jul 20181588%10%2%25%

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

Standard payment terms are between 30 and 60 days.

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

A dispute resolution process is included within each subcontract order placed. Should there be a dispute with a supplier or subcontractor, the company’s resolution process is to engage with other party in order to resolve the issue in a timely fashion. Any subcontractors that are not satisfied by this process are able to call upon the dispute resolution process contained within the Construction Act. Given the fast-paced nature of the fit out industry, legal recourse is not the preferred route.

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

Morgan Lovell PLC is a leading UK-based design and build company that specializes in creating innovative and sustainable workspaces for businesses. They provide a range of services including interior design, fit-out, refurbishment, and furniture solutions.

As part of their commitment to sustainability, Morgan Lovell has a dedicated sustainability program in place. This program focuses on reducing the environmental impact of their projects by using sustainable materials, implementing energy-efficient solutions, and promoting recycling and waste reduction. They also prioritize the health and wellbeing of their clients and employees by creating healthy and ergonomic workspaces.

Morgan Lovell's team is led by Managing Director, Simon Turner, who has over 25 years of experience in the construction industry. Their team of experts includes designers, project managers, and sustainability specialists, who work together to deliver high-quality and sustainable workspaces for their clients.

The company offers a wide range of products and services to suit the diverse needs of their clients. This includes open-plan and flexible workspaces, meeting rooms, breakout areas, and bespoke furniture solutions. They have worked with a variety of clients, from small startups to large corporations, across various industries.

To contact Morgan Lovell, their website address is www.morganlovell.co.uk. Their registered office address is at 1 New York Street, Manchester, M1 4HD. They also have offices in London, Birmingham, and Glasgow, allowing them to serve clients across the UK.

Financial Metrics

Cash
£18,057,000
Net Worth
£27,877,000
Total Current Assets
£55,366,000
Total Current Liabilities
£29,052,000

Company Location