MITIE BUSINESS SERVICES LIMITED
Company Information
- Company Number
- 03787709
- Registered Address
- Parkshot House 5 Kew Road, Richmond Upon Thames, London, United Kingdom, TW9 2PR
- Status
- Dissolved
- Employee Count
- 635
- Turnover
- £32,980,000
- EBITDA
- £2,710,000
Additional Details
- Website
- https://mitie.com
- Company Type
- Private limited Company
- Incorporated On
- 11 June 1999
- Nature of Business
- 82990 - Other business support service activities not elsewhere classified
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time to pay for MITIE BUSINESS SERVICES LIMITED has decreased from 32 days in Apr 2019 to 27 days in Sep 2020. This represents a 15.6% decrease over the three periods.
Volatility Analysis
The average time to pay for MITIE BUSINESS SERVICES LIMITED has shown a steady decrease over the three periods, with a decrease of 2 days between each period.
Summary Analysis
For MITIE BUSINESS SERVICES LIMITED, the average time to pay has decreased by 15.6% over the three periods, from 32 days in Apr 2019 to 27 days in Sep 2020.
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 Sept 2019 - 31 Mar 2020 | 30 Apr 2020 | 30 | 53% | 40% | 7% | 16% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 32 | 44% | 44% | 12% | 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
Our standard payment terms state that payment of supplier invoices for goods and services will be made 60 days from the end of the month in which a correct, undisputed and properly due VAT invoice is received, unless otherwise agreed by a duly authorised representative. The business also operates a no purchase order, no pay policy, unless otherwise agreed, in exceptional circumstances, by a duly authorised representative. Invoices received, and which do not include a valid purchase order number, are rejected and returned to the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
Over the course of the last 18 months, Mitie has made a significant number of changes to its accounts payable processes. At times, unfortunately, this has resulted in unintended disruption, impacting our payment performance. To address this, Mitie is actively working to improve our processes to ensure there is an overall improvement in our payment practices and our paid-on time performance. These improvements continue to be implemented and positively impact on the performance shown in these submissions.
Maximum contractual payment period agreed
60
Dispute Resolution Process
We recognise the strategic importance of our supply chain partners, and as such are committed to treating them fairly. Our preference is to always address disputes in a transparent and timely manner, always acting in good faith, through open and constructive discussion. If such discussions fail to resolve a dispute, an authorised representative of the supplier and the company shall, within 30 days of a written request from one party to the other, meet in good faith to resolve the dispute. If the dispute remains unresolved either the supplier or the company shall refer it to mediation in accordance with the Centre for Effective Dispute Resolution ("CEDR") Model Mediation Procedure that is in force at the date of the referral.
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
MITIE BUSINESS SERVICES LIMITED is a leading business services company based in the UK. They offer a wide range of services including facilities management, property management, and consulting services to businesses across various industries.
The company has a strong sustainability program in place, with a commitment to reducing their environmental impact and promoting sustainable practices. They have implemented various initiatives such as energy efficiency measures, waste reduction strategies, and sustainable procurement policies.
MITIE BUSINESS SERVICES LIMITED offers a range of products and services to meet the needs of their clients. These include facilities management solutions such as cleaning, security, and catering services, as well as property management services such as maintenance and repairs. They also offer consulting services to help businesses improve their operations and achieve their sustainability goals.
Key people at MITIE BUSINESS SERVICES LIMITED include CEO Phil Bentley, Chief Financial Officer Paul Woolf, and Chief Operating Officer Pradyumna Pandit. They are supported by a team of experienced professionals who are dedicated to delivering high-quality services to their clients.
To contact MITIE BUSINESS SERVICES LIMITED, individuals can visit their website at www.mitie.com or reach out to their registered office at 1 Harlequin Office Park, Fieldfare, Emersons Green, Bristol, BS16 7FN. The company's website also provides information on their services, news and updates, and career opportunities. With a strong focus on sustainability and a wide range of services, MITIE BUSINESS SERVICES LIMITED continues to be a trusted partner for businesses in the UK.
