THE MINES ADVISORY GROUP
Company Information
- Company Number
- 04016409
- Registered Address
- Suite 3a South Central, 11 Peter Street, Manchester, M2 5QR
- Status
- Active
- Employee Count
- 5,794
- Turnover
- £99,273,000
- EBITDA
- £3,031,000
Additional Details
- Website
- https://maginternational.org
- Company Type
- Private Limited Company by guarantee without share capital use of 'Limited' exemption
- Incorporated On
- 16 June 2000
- Nature of Business
- 74909 - Other professional, scientific and technical activities not elsewhere classified
- Industries
- Professional Services
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for THE MINES ADVISORY GROUP to pay invoices has decreased by 22.2% from 2016 to 2017.
Volatility Analysis
The percentage of invoices paid within 30 days has increased by 14.3% from 2016 to 2017. The percentage of invoices paid later than 60 days has decreased by 20% from 2016 to 2017. The percentage of invoices not paid within agreed terms has decreased by 50% from 2016 to 2017.
Summary Analysis
From Jul 2016 to Jun 2017, THE MINES ADVISORY GROUP took an average of 28 days to pay invoices to suppliers. This is a decrease of 22.2% from the previous period (Jul 2015 to Jun 2016). The percentage of invoices paid within 30 days increased by 14.3%, while the percentage of invoices paid later than 60 days decreased by 20%. The percentage of invoices not paid within agreed terms decreased by 50%. The shortest standard payment period was 30 days.
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 Jul 2016 - 30 Jun 2017 | 16 Mar 2018 | 28 | 88% | 8% | 4% | 2% |
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
Payment within 30 days of invoice date.
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
Contact the supplier and ask for information to resolve.
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
The Mines Advisory Group (MAG) is a global non-governmental organization that works to save lives and build safer futures for communities affected by landmines and other explosive remnants of war. Founded in 1989, MAG has been providing risk education, mine clearance, and other services in over 40 countries around the world.
One of MAG's key activities is their Mine Action program, which aims to reduce the impact of landmines and other unexploded ordnance on individuals and communities. This includes clearing landmines and other explosive remnants of war, as well as providing risk education and victim assistance.
In addition to their Mine Action program, MAG also has a strong focus on sustainability through their Community Action for Mine Clearance (CAMC) approach. This involves working closely with local communities to ensure that mine clearance efforts are sustainable and meet the needs of the community. Through this approach, MAG not only removes the physical threat of landmines, but also helps to rebuild communities and promote long-term stability.
MAG's products and services include risk education materials, mine clearance equipment, and training for local communities. They also provide technical support and expertise to governments and other organizations in the field of mine action.
The key people at MAG include the Chief Executive Officer, Jane Cocking, and the Chair of the Board of Trustees, Andrew Smith. They also have a team of over 5,000 staff members and volunteers who work tirelessly to achieve their mission.
For more information on MAG's activities, products, and services, visit their website at www.maginternational.org. Their registered office address is The Curve, 42 Bard Road, London, W10 6TP, United Kingdom.
