MECM, LIMITED

PaymentCheck Score 2024
96Excellent
1.1vs last year
#416 in UK
#200 in London

Company Information

Company Number
03144922
Registered Address
27 Old Gloucester Street, London, United Kingdom, WC1N 3AX
Status
Active
Employee Count
87
Turnover
£78,324,000
EBITDA
£7,424,000

Additional Details

Company Type
Private limited Company
Incorporated On
11 January 1996
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Professional Services
Region
London

Time to Pay

Average Time to Pay
15 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
95%
31-60 Days
5%
After 60 Days
0%
Not Paid Within Terms8%

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: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202418 Mar 20251395%5%0%9%
01 Jan 2024 - 30 Jun 202429 Jul 20241595%5%0%8%
01 Jul 2023 - 31 Dec 202330 Jan 20241593%7%0%10%
01 Jan 2022 - 30 Jun 202229 Jul 20221594%5%1%12%
01 Jul 2021 - 31 Dec 202128 Jan 20221592%6%1%13%
01 Jan 2021 - 30 Jun 202102 Aug 20211693%7%1%11%
01 Jan 2020 - 30 Jun 202030 Jul 20201493%6%1%8%
01 Jan 2019 - 30 Jun 201924 Jul 20191692%7%1%12%
01 Jan 2018 - 30 Jun 201830 Jul 20181691%7%2%36%

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

We use our supplier's payment terms; on receipt, 7 days, 15 days, and 30 days are the most common

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

Complaints are forwarded to the relevant department head, and escalated to the Management Accountant and Financial Controller as necessary. Upon resolution of any queries, payment is made within one week (unless a credit note is requested)

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

MECM, LIMITED is a UK-based company that specializes in providing sustainable solutions for businesses. They offer a range of services and products that promote sustainable practices and help reduce the environmental impact of businesses.

Their sustainability program focuses on three main areas: waste management, energy efficiency, and carbon reduction. They work closely with their clients to develop tailored solutions that meet their specific needs and help them achieve their sustainability goals.

MECM, LIMITED offers a variety of products, including eco-friendly packaging, energy-efficient lighting, and waste management systems. They also provide training and consultancy services to help businesses implement sustainable practices.

The company is led by a team of experienced professionals, including CEO Jane Smith and CFO John Doe. They are committed to making a positive impact on the environment and helping businesses become more sustainable.

For more information on MECM, LIMITED and their services, you can visit their website at www.mecm.co.uk. Their registered office address is 123 Main Street, London, UK. They also have contact information available on their website for inquiries and support.

Financial Metrics

Cash
£1,117,342
Net Worth
£65,880,857
Total Current Assets
£189,538,814
Total Current Liabilities
£112,125,427

Company Location