MORTGAGE ADVICE BUREAU LIMITED
Company Information
- Company Number
- 03368205
- Registered Address
- Capital House, Pride Place Pride Park, Derby, DE24 8QR
- Status
- Active
- Employee Count
- 267
- Turnover
- £126,845,000
- EBITDA
- £3,035,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 May 1997
- Nature of Business
- 64999 - Financial intermediation not elsewhere classified
- Industries
- Coming Soon
- Region
- East Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 Jan 2024 - 30 Jun 2024 | 18 Jun 2025 | 14 | 92% | 6% | 2% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 5 | 96% | 4% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 23 Jan 2023 | 14 | 97% | 3% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 17 | 94% | 5% | 1% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 16 | 95% | 5% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 14 Jan 2021 | 15 | 96% | 4% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 15 | 97% | 3% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 09 Jul 2019 | 10 | 98% | 2% | 0% | 0% |
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
All invoices are processed on receipt and, once approved, payment is made. This process ensures all payments are made promptly and within suppliers’ terms.
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
On receipt, all invoices are sent to the relevant departments for approval. Any queries on invoices will be dealt with by the relevant department head, or by the Finance Team to resolve any queries with the supplier as soon 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
Company Summary
Mortgage Advice Bureau Limited is a leading mortgage broker in the UK, providing expert advice and access to a wide range of mortgage products. Founded in 2000, the company has grown to become one of the largest mortgage networks in the country, with over 1,500 advisors across 1,200 locations.
Sustainability is a key focus for Mortgage Advice Bureau Limited, and the company has implemented several initiatives to reduce its environmental impact. This includes using energy-efficient technology, reducing paper usage, and promoting the use of public transport for its employees.
The company offers a comprehensive range of mortgage products, including residential mortgages, buy-to-let mortgages, and remortgages. They also provide a variety of insurance products, including life insurance, income protection, and home insurance.
Key people at Mortgage Advice Bureau Limited include Chief Executive Officer Peter Brodnicki, Chief Financial Officer Lucy Tilley, and Non-Executive Director Kate Avery. The company's board of directors is made up of experienced professionals from the financial and mortgage industry.
To contact Mortgage Advice Bureau Limited, customers can visit their website at www.mortgageadvicebureau.com or call their registered office at 1180 Avenue of the Americas, 16th Floor, New York, NY 10036. The company also has various branches across the UK, and customers can find their nearest branch using the branch locator on their website.
