MECM LIMITED
Company Information
- Company Number
- 03144922
- Registered Address
- 27 Old Gloucester Street, London, United Kingdom, WC1N 3AX
- Status
- Active
- Employee Count
- 97.0
- Turnover
- 173740000.0
- EBITDA
- 33376000.0
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
- 0
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 15 | 93% | 7% | 0% | 10% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 17 | 92% | 7% | 1% | 9% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 17 | 93% | 6% | 1% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 15 | 94% | 5% | 1% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 15 | 92% | 6% | 1% | 13% |
| 01 Jan 2021 - 30 Jun 2021 | 02 Aug 2021 | 16 | 93% | 7% | 1% | 11% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 16 | 92% | 7% | 1% | 13% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 14 | 93% | 6% | 1% | 8% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 14 | 97% | 3% | 0% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 16 | 92% | 7% | 1% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 17 | 90% | 7% | 3% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 16 | 91% | 7% | 2% | 36% |
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
Company Review
Trend Analysis
The data for MECM, LIMITED shows a consistent trend of maintaining an average time to pay of 15-17 days over the past three periods. The percentage of invoices paid within 30 days has consistently been high, ranging from 90-97%. However, there has been a slight decrease in the percentage of invoices paid between 31-60 days, with a decrease from 7% to 6% in the most recent period. The percentage of invoices paid later than 60 days has remained relatively low at 1-3%.
Volatility Analysis
There is low volatility in the data for MECM, LIMITED, with only minor changes in the average time to pay and percentage of invoices paid within 30 days over the past three periods. The most significant change is a decrease in the percentage of invoices paid between 31-60 days in the most recent period.
Summary Analysis
The data for MECM, LIMITED shows a consistent trend of maintaining an average time to pay of 15-17 days over the past three periods. The percentage of invoices paid within 30 days has consistently been high, ranging from 90-97%. However, there has been a slight decrease in the percentage of invoices paid between 31-60 days in the most recent period. The worst period for the company was in 2018, where 3% of invoices were paid later than 60 days, but this has improved over the years with the most recent period showing no invoices paid later than 60 days. Additionally, the company has consistently paid all invoices within the agreed terms and has not had any standard payment period longer than 30 days.
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
Any other information about payment terms
N/A
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
