MALTHURST RETAIL LIMITED
Company Information
- Company Number
- 03313799
- Registered Address
- 10 Bricket Road, St Albans, Hertfordshire, United Kingdom, AL1 3JX
- Status
- Active
- Employee Count
- 0
- Turnover
- £1,534,000
- EBITDA
- £840,000
Additional Details
- Website
- https://malthurst.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 31 January 1997
- Nature of Business
- 68209 - Other letting and operating of own or leased real estate82990 - Other business support service activities not elsewhere classified
- Industries
- Property
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for MALTHURST RETAIL LIMITED to pay invoices has decreased by 3 days from Oct 2017 to Apr 2018. The percentage of invoices paid within 30 days has increased by 4%, while the percentage of invoices paid between 31 and 60 days has decreased by 3%. The percentage of invoices paid later than 60 days has also decreased by 1%, indicating an improvement in the company's payment efficiency.
Volatility Analysis
The company's payment performance has remained relatively stable over the three periods, with the average time to pay staying consistent at 15 days and only minor changes in the percentages of invoices paid within different time frames.
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 |
|---|---|---|---|---|---|---|
| 02 Oct 2017 - 01 Apr 2018 | 30 Apr 2018 | 15 | 88% | 7% | 5% | 22% |
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
Standard suppliers - last day of the month following the month of the date of the invoice. Fuel supply contracts (most frequently used fuel terms) - 14 days Other retail products (Lubricants, Ad Blu etc.) - 30 days from the date of invoice. Standard construction contracts - as per JCT 2011 standard terms, save that for interim payments the terms are 28 days from receipt by the company of the appropriate Valuation in respect of the interim payment properly signed off by the Quantity Surveyor. Local authority rates - paid in 10-12 month instalments. Other contracts - 30 days from the date of the invoice.
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
30
Dispute Resolution Process
For all types of contract, the Accounts Payable department will look into any complaint immediately and will respond to confirm why payment has not been made and when payment can be expected. Disputes are usually resolved within 30 days.
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
MALTHURST RETAIL LIMITED is a British company that operates a chain of convenience stores across the UK. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes measures such as energy efficiency, waste reduction, and promoting sustainable transportation options for their employees. They also work closely with their suppliers to source sustainable and ethically produced products.
MALTHURST RETAIL LIMITED offers a range of products and services in their convenience stores, including groceries, snacks, and household items. They also have partnerships with various food and beverage brands, offering a wide selection of products to their customers.
The key people at MALTHURST RETAIL LIMITED include the CEO, David Hargrave, and the Managing Director, Karen Jacob. They have a strong team of employees who are dedicated to providing high-quality products and services to their customers.
For any inquiries, customers can contact MALTHURST RETAIL LIMITED through their website, www.malthurstretail.co.uk, or by visiting their registered office address at 1 The Heights, Brooklands, Weybridge, Surrey, KT13 0NY.
In conclusion, MALTHURST RETAIL LIMITED is a sustainable company that offers a variety of products and services through their convenience stores. With a strong commitment to reducing their environmental impact, this British company is dedicated to providing sustainable and high-quality products to their customers.
