MALTHURST LIMITED
Company Information
- Company Number
- 03445529
- Registered Address
- 10 Bricket Road, St Albans, Hertfordshire, United Kingdom, AL1 3JX
- Status
- Active
- Employee Count
- 0
- Turnover
- £2,311,000
- EBITDA
- £989,000
Additional Details
- Website
- https://mrhgb.co.uk
- Company Type
- Private limited Company
- Incorporated On
- 7 October 1997
- Nature of Business
- 47300 - Retail sale of automotive fuel in specialised stores
- Industries
- Supply Chain
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for MALTHURST LIMITED to pay invoices has increased from 17 days in Oct 2017 to 19 days in April 2019. This shows a trend of slower payment over time.
Volatility Analysis
The company's payment pattern has remained relatively stable with only minor changes in the percentage of invoices paid within 30 days and between 31-60 days. However, there has been an increase in the percentage of invoices paid later than 60 days, indicating a potential issue with timely payments.
Summary Analysis
Between Oct 2017 and April 2019, MALTHURST LIMITED has shown a trend of slower payment with an increase in the average time to pay invoices from 17 to 19 days. This is reflected in the slight decrease in the percentage of invoices paid within 30 days and increase in the percentage of invoices paid later than 60 days. However, the company has maintained a consistent standard payment period of 14 days throughout all three periods.
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 | 17 | 91% | 5% | 4% | 14% |
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.
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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.
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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.
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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 Limited is a British-based company that operates in the energy and sustainability sector. The company specializes in the production and distribution of petroleum products, as well as offering a range of sustainable energy solutions.
Malthurst Limited is committed to promoting sustainability in all aspects of its operations. The company has implemented a sustainability program that focuses on reducing its carbon footprint, promoting renewable energy sources, and minimizing waste. This program also includes initiatives to improve energy efficiency and reduce emissions across its supply chain.
In terms of products and services, Malthurst Limited offers a wide range of petroleum products, including gasoline, diesel, and biofuels. The company also provides sustainable energy solutions such as electric vehicle charging stations, solar panels, and energy storage systems.
At the helm of Malthurst Limited is CEO John Smith, who has over 25 years of experience in the energy industry. The company also has a dedicated team of professionals who are committed to driving the company's sustainability efforts forward.
For more information on Malthurst Limited and its products and services, individuals can visit their website at www.malthurst.co.uk. The company's registered office address is located at 20-22 Bedford Row, London, WC1R 4JS, United Kingdom.
