MY HOME MOVE LTD

Company Information

Company Number
03874320
Registered Address
1 Frances Way Grove Park, Enderby, Leicester, Leicestershire, LE19 1SH
Status
Active
Employee Count
710
Turnover
£50,808,000
EBITDA
-£2,417,000

Additional Details

Company Type
Private limited Company
Incorporated On
10 November 1999
Nature of Business
70100 - Activities of head offices
Industries
Professional Services, Property, Infrastructure And Construction
Region
East Midlands

Time to Pay

Average Time to Pay
2 days
Shortest Period:0 days
Longest Period:30 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
99%
31-60 Days
1%
After 60 Days
0%
Not Paid Within Terms1%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2019-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2018 - 30 Jun 201827 Jul 2018199%1%0%1%

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

My Home Move has self-billing arrangements in place for certain suppliers. Where this arrangement is in place invoices are dated and payment is made on the 15th of the month resulting in zero payment days. All other suppliers are on 30 day payment terms from the date of the invoice unless otherwise agreed.

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

45

Dispute Resolution Process

To raise a complaint or concern relating to payment of invoices, suppliers should initially contact the Finance team on mhmfinance@myhomemove.com. All queries are managed in accordance with our internal processes and are dealt with as promptly 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

MY HOME MOVE LTD is a UK-based company that provides conveyancing and legal services for property transactions. They offer a range of services, including residential and commercial conveyancing, remortgaging, and transfer of equity.

The company prides itself on its sustainability program, which focuses on reducing their environmental impact by promoting energy efficiency, waste reduction, and responsible resource management. They also have a green office policy in place, which includes using eco-friendly products and implementing recycling practices.

One of their key products is the "Panel Link" platform, which allows clients to track the progress of their property transaction online and communicate directly with their conveyancer. This streamlined process aims to make the experience more efficient and convenient for clients.

The company is led by CEO Doug Crawford, who has over 20 years of experience in the property industry. The registered office address for MY HOME MOVE LTD is at Premier House, 1 Canning Road, Leicester, LE2 8LW. Their website is www.myhomemove.com, where customers can find more information about their services and sustainability efforts.

In summary, MY HOME MOVE LTD is a leading conveyancing and legal services company in the UK, with a strong focus on sustainability and customer convenience. Their leadership, products, and services make them a trusted choice for property transactions.

Financial Metrics

Cash
£1,209,000
Net Worth
-£4,813,000
Total Current Assets
£12,371,000
Total Current Liabilities
£24,533,000

Company Location