MITIEFM SERVICES LIMITED
Company Information
- Company Number
- 02820560
- Registered Address
- Level 12, The Shard, 32 London Bridge Street, London, England, SE1 9SG
- Status
- Active
- Employee Count
- 6
- Turnover
- £37,680,000
- EBITDA
- -£128,000
Additional Details
- Website
- https://interserve.com
- Company Type
- Private limited Company
- Incorporated On
- 21 May 1993
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for MITIEFM SERVICES LIMITED to pay invoices has increased over the past three periods. This suggests that the company may be facing financial difficulties or experiencing delays in their payment processes.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated over the past three periods, with a decrease in the most recent period. The percentage of invoices paid later than 60 days has also fluctuated, with a significant increase in the most recent period. This indicates a lack of consistency in the company's payment processes.
Summary Analysis
In the first period analyzed (Jan 2018 - Jun 2018), MITIEFM SERVICES LIMITED had an average time to pay of 21 days, with 80% of invoices paid within 30 days. However, 3% of invoices were paid later than 60 days, which may have caused some concern for suppliers.
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 Apr 2021 - 30 Sept 2021 | 28 Oct 2021 | 107 | 41% | 20% | 39% | 67% |
| 01 Jan 2021 - 01 Mar 2021 | 06 Aug 2021 | 87 | 44% | 26% | 30% | 64% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 62 | 41% | 24% | 35% | 69% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 56 | 57% | 29% | 14% | 48% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 58 | 45% | 30% | 25% | 58% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 72 | 32% | 34% | 35% | 77% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 24 | 74% | 19% | 7% | 62% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 21 | 80% | 17% | 3% | 59% |
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 state that payment of supplier invoices for goods and services will be made 60 days from the end of the month in which a correct, undisputed and properly due VAT invoice is received, unless otherwise agreed by a duly authorised representative. The business also operates a no purchase order, no pay policy, unless otherwise agreed, in exceptional circumstances, by a duly authorised representative. Invoices received, and which do not include a valid purchase order number, are rejected and returned to the supplier.
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
60
Dispute Resolution Process
We recognise the strategic importance of our supply chain partners, and as such are committed to treating them fairly. Our preference is to always address disputes in a transparent and timely manner, always acting in good faith, through open and constructive discussion. If such discussions fail to resolve a dispute, an authorised representative of the supplier and the company shall, within 30 days of a written request from one party to the other, meet in good faith to resolve the dispute. If the dispute remains unresolved either the supplier or the company shall refer it to mediation in accordance with the Centre for Effective Dispute Resolution ("CEDR") Model Mediation Procedure that is in force at the date of the referral.
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
MITIEFM SERVICES LIMITED is a leading facilities management company based in the United Kingdom. They offer a range of services including cleaning, security, catering, and property management to businesses and organizations.
In terms of sustainability, MITIEFM SERVICES LIMITED has implemented a number of initiatives to reduce their environmental impact and promote sustainability. These include using eco-friendly cleaning products, implementing energy-efficient practices, and promoting recycling and waste reduction.
Their products and services are designed to help businesses and organizations improve their efficiency, reduce costs, and create better working environments. They also offer bespoke solutions tailored to the specific needs of their clients.
Key people at MITIEFM SERVICES LIMITED include Phil Bentley, the Chief Executive Officer, and Sandip Mahajan, the Chief Operating Officer. Both have extensive experience in the facilities management industry and are committed to delivering high-quality services to their clients.
The company can be contacted through their website, which provides detailed information about their services, sustainability program, and key people. Their registered office address is Mitie House, 1 Harlequin Office Park, Fieldfare, Emersons Green, Bristol BS16 7FN.
In summary, MITIEFM SERVICES LIMITED is a reputable facilities management company that not only offers a wide range of services but also prioritizes sustainability. With a strong team of experienced leaders and a commitment to providing efficient and eco-friendly solutions, they continue to be a trusted partner for businesses and organizations in the UK.
