MANN HUMMEL UK LIMITED
Company Information
- Company Number
- 03152081
- Registered Address
- Unit C, Vernon Park, Wolverhampton, United Kingdom, WV10 7HW
- Status
- Active
- Employee Count
- 128.0
- Turnover
- 83395000.0
- EBITDA
- 10188000.0
Additional Details
- Website
- https://mann-filter.com
- Company Type
- Private limited Company
- Incorporated On
- 29 January 1996
- Nature of Business
- 32990 - Other manufacturing not elsewhere classified
- Industries
- 0
- Region
- West Midlands
Company Location
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 | 31 Jan 2024 | 38 | 36% | 45% | 19% | 91% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 37 | 38% | 46% | 16% | 88% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 37 | 38% | 46% | 16% | 81% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 42 | 27% | 51% | 22% | 88% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 44 | 23% | 50% | 27% | 87% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 41 | 28% | 51% | 21% | 90% |
| 01 Jun 2020 - 31 Dec 2020 | 28 Jul 2021 | 45 | 25% | 48% | 27% | 78% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Aug 2020 | 48 | 16% | 56% | 28% | 90% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 46 | 20% | 53% | 27% | 91% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 47 | 21% | 51% | 28% | 94% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 46 | 22% | 52% | 26% | 93% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Dec 2018 | 46 | 21% | 49% | 30% | 90% |
Company Summary
MANN + HUMMEL (UK) LIMITED is a leading global filtration company that provides innovative solutions for various industries, including automotive, industrial, and commercial sectors
Their sustainability program focuses on reducing their environmental impact through responsible business practices
The company's products and services include filtration systems, air and liquid filters, and air purifiers
These products are designed to improve air quality, reduce emissions, and increase the efficiency of engines and machines
The key people at MANN + HUMMEL (UK) LIMITED are the managing director, Ian Warhurst, and the general manager, Phil Whittaker
They have a team of experienced engineers and technicians who work together to deliver high-quality products and services to their customers
The company's registered office address is located in Wolverhampton, UK, and their website address is www.mann-hummel.com
On their website, customers can find information about their products and services, as well as their sustainability efforts
MANN + HUMMEL (UK) LIMITED is committed to sustainability and has implemented various initiatives to reduce their carbon footprint
These include using renewable energy sources, recycling materials, and implementing energy-efficient practices in their operations
In summary, MANN + HUMMEL (UK) LIMITED is a leading filtration company that offers sustainable solutions for various industries
Their commitment to sustainability, high-quality products and services, and experienced team make them a trusted partner for businesses worldwide
Customers can contact them through their website or registered office address for more information
Company Review
Trend Analysis
The data shows that MANN + HUMMEL (UK) LIMITED has been consistently taking longer to pay invoices over the past six periods (2018-2023). The average time to pay has increased from 46 days in 2018 to 38 days in 2023. This trend is also reflected in the percentage of invoices paid within 30 days, which has decreased from 21% in 2018 to 36% in 2023. This suggests that the company may be facing financial difficulties or experiencing a decrease in efficiency in its payment processes.
Volatility Analysis
The data also shows a high level of volatility in the percentage of invoices paid within 30 days. While the range for this metric is only 21-38%, there are significant fluctuations within this range, with the highest being 38% in 2023 and the lowest being 16% in 2020 and 2022. This suggests that the company's payment practices are not consistent and may be heavily influenced by external factors.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
For non-production parts, standard payment terms are 30 days net receipt of invoice For production parts, standard payment terms can vary from 30 days to 90 days, net receipt of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
It is important to note that MHUK run a payment run every Wednesday. This payment run will capture all invoices due that week and will clear on the following Monday (latest). The invoices must have cleared through our approval process to enable payment.
Maximum contractual payment period agreed
90
Dispute Resolution Process
Mann + Hummel (UK) Ltd have an accounts payable helpdesk that is dedicated to processing of invoices, supplier engagement and dealing with disputes. When a supplier has a query or an issue regarding an invoice, they can make contact with the accounts payable helpdesk via phone or the dedicated mailbox which is closely monitored by all of the team - they are contactable from Monday to Friday. Once a supplier has submitted their query, the team will then look in to the query and aim to respond or to initiate the action leading to resolution. This should happen within 24 hours after receipt of query because an action can be considered with someone from the Purchasing, Finance team or other individuals within Mann + Hummel who have a relationship with the supplier to get it addressed and closed out as quickly as possible.
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