MAINLINE MENSWEAR LIMITED

Company Information

Company Number
03412005
Registered Address
Hollins Brook Way, Pilsworth, Bury, Lancashire, BL9 8RR
Status
Active
Employee Count
179.0
Turnover
71258000.0
EBITDA
12052000.0

Additional Details

Company Type
Private limited Company
Incorporated On
30 July 1997
Nature of Business
47710 - Retail sale of clothing in specialised stores
Industries
Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
Region
North West

Company Location

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Financial Metrics

Cash
£6,207,000.00
Net Worth
£10,937,000.00
Total Current Assets
£25,575,000.00
Total Current Liabilities
£14,947,000.00
Reporting Period
2023-02-01 to 2023-07-31Filed: 2023-08-10

Time to Pay

Average Time to Pay
21 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
82%
31-60 Days
17%
After 60 Days
1%
Not Paid Within Terms0%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Payment Time Trends

Payment Distribution Trends

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Feb 2023 - 31 Jul 202310 Aug 20232182%17%1%0%
31 Jul 2022 - 31 Jan 202315 Feb 20231985%14%1%0%
30 Jan 2022 - 30 Jul 202211 Aug 20221888%11%1%0%
31 Jul 2021 - 29 Jan 202210 Mar 20221890%9%1%0%
31 Jan 2021 - 30 Jul 202110 Mar 20221887%12%1%0%

Company Summary

MAINLINE MENSWEAR LIMITED is a leading online retailer of men's designer clothing, footwear, and accessories

Founded in 2002, the company is based in the UK and ships globally

The company offers a wide range of sustainable products, including organic cotton clothing, recycled materials, and eco-friendly packaging

They also have a sustainability program in place, which aims to reduce their environmental impact and promote ethical practices in their supply chain

MAINLINE MENSWEAR LIMITED has a team of dedicated and experienced professionals, including the founder and managing director, Richard Finney

The company prides itself on providing excellent customer service and offers a 24/7 customer support helpline

Their website, www.mainlinemenswear.co.uk, offers a user-friendly interface and a wide selection of high-quality products from top designer brands such as Hugo Boss, Lacoste, and Ralph Lauren

Customers can also shop by category, size, or brand to find exactly what they are looking for

The registered office address for MAINLINE MENSWEAR LIMITED is Mainline Menswear Ltd, Unit 3, Alphinbrook Court, Alphinbrook Road, Marsh Barton Trading Estate, Exeter, Devon, EX2 8QF

Customers can also contact them via email at customerservices@mainlinemenswear.co.uk or by phone at +44 (0)1733 564 077

In summary, MAINLINE MENSWEAR LIMITED is a reputable and environmentally conscious company that offers a wide selection of sustainable men's clothing, footwear, and accessories

They are committed to providing excellent customer service and promoting ethical practices in the fashion industry

Customers can easily shop for their favorite designer brands on their website and contact them for any assistance

Company Review

Trend Analysis

The average time taken for MAINLINE MENSWEAR LIMITED to pay invoices has remained stable at 18-21 days over the past three periods.

Volatility Analysis

The percentage of invoices paid within 30 days has remained consistently high at 85-90%, with a slight increase in the most recent period. The percentage of invoices paid between 31 and 60 days has also remained stable at 9-14%. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 1% to 17% over the past three periods.

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Usually pay in 10 days to get settlement discount

Were there any changes to the standard payment terms in the reporting period?

No

Any other information about payment terms

We only pay the council tax and insurance over 60 days as it is direct debit over 10 or 12 months

Maximum contractual payment period agreed

30

Dispute Resolution Process

We contact the supplier by phone or e-mail and try to resolve. We don't have many issues

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