MEARS GROUP PLC
Company Information
- Company Number
- 03232863
- Registered Address
- 1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GL3 4AH
- Status
- Active
- Employee Count
- 4990.0
- Turnover
- 959613000.0
- EBITDA
- 94235000.0
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 1 August 1996
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Healthcare And Wellbeing,Professional Services,Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- South West
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 | 05 Feb 2024 | 65 | 8% | 21% | 71% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Jul 2023 | 69 | 3% | 24% | 73% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 70 | 4% | 20% | 76% | 1% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 69 | 3% | 30% | 67% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 10 Feb 2022 | 67 | 5% | 32% | 63% | 3% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Sept 2021 | 68 | 3% | 32% | 65% | 5% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 70 | 8% | 23% | 69% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 68 | 5% | 28% | 67% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 01 Feb 2020 | 53 | 29% | 28% | 43% | 1% |
Company Summary
MEARS GROUP PLC is a leading provider of social housing and care services in the UK
Established in 1988, the company has a strong focus on sustainability and providing high-quality products and services to their clients
The company's sustainability program encompasses a range of initiatives aimed at reducing their environmental impact, such as promoting energy efficiency, reducing waste, and using sustainable materials in their construction projects
They also have a strong commitment to corporate social responsibility and are actively involved in community initiatives and charitable causes
MEARS GROUP PLC offers a wide range of services, including property maintenance, repairs and refurbishment, construction, and care and support services
They work closely with local authorities, housing associations, and private clients to provide tailored solutions that meet their specific needs
The key people at MEARS GROUP PLC include Chief Executive Officer, David Miles, and Chairman, Bob Holt
With a team of over 9,000 employees, the company has a strong presence across the UK and is committed to providing excellent customer service
The registered office address for MEARS GROUP PLC is 1390 Montpellier Court, Gloucester Business Park, Brockworth, Gloucester, GL3 4AH
Their website, www.mearsgroup.co.uk, provides more information about their services, sustainability initiatives, and contact details for their various offices and divisions
Company Review
Trend Analysis
The data for MEARS GROUP PLC shows a consistent trend of paying invoices later than 60 days, with a slight improvement in the most recent period. The average time to pay has also remained relatively steady, with a slight increase in the most recent period.
Volatility Analysis
There is low volatility in the percentage of invoices paid within 30 days, with the highest being 29% and the lowest being 3%. However, there is high volatility in the percentage of invoices paid between 31 and 60 days, ranging from 20% to 32%. The biggest fluctuation can be seen in the percentage of invoices paid later than 60 days, ranging from 43% to 76%.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Suppliers: 30 days nett monthly (smaller suppliers) or 60 days nett monthly (larger core suppliers)
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
Mears Group PLC actively seeks to resolve disputes by discussing with relevant personnel at the supplier. Discussions may involve accounts payable and credit control, procurement and commercial teams as well as members of management where necessary.
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
