MORTGAGE ADVICE BUREAU (HOLDINGS) PLC

PaymentCheck Score 2024
93Excellent
5.7vs last year
#781 in UK
#147 in Financial Services
#19 in East Midlands

Company Information

Company Number
04131569
Registered Address
Capital House, Pride Place Pride Park, Derby, DE24 8QR
Status
Active
Employee Count
0
Turnover
£0
EBITDA
£0

Additional Details

Company Type
Public limited Company
Incorporated On
28 December 2000
Nature of Business
70100 - Activities of head offices
Industries
Financial Services
Region
East Midlands

Time to Pay

Average Time to Pay
5 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
96%
31-60 Days
4%
After 60 Days
0%
Not Paid Within Terms0%

Payment Features

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

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-01-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202418 Jun 20252093%6%1%12%
01 Jul 2023 - 31 Dec 202322 Jan 2024596%4%0%0%
01 Jul 2022 - 31 Dec 202223 Jan 20231497%3%0%0%
01 Jan 2022 - 30 Jun 202219 Jul 20221794%5%1%0%
01 Jul 2021 - 31 Dec 202120 Jan 20221695%5%0%0%
01 Jul 2020 - 31 Dec 202014 Jan 20211596%3%0%0%
01 Jan 2019 - 30 Jun 201909 Jul 20191597%3%0%0%
01 Jul 2018 - 31 Dec 201823 Jan 20191098%2%0%0%

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

All invoices are processed on receipt and, once approved, payment is made. This process ensures all payments are made promptly and within suppliers’ terms.

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

60

Dispute Resolution Process

On receipt, all invoices are sent to the relevant departments for approval. Any queries on invoices will be dealt with by the relevant department head, or by the Finance Team to resolve any queries with the supplier as soon 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

Mortgage Advice Bureau (Holdings) PLC is a UK-based financial services company that offers mortgage advice and related services to individuals and businesses. The company was founded in 2000 and is headquartered in Derby, England.

The main activities of Mortgage Advice Bureau include providing independent mortgage advice to clients, helping them find the best mortgage deals from a range of lenders, and assisting with the application process. The company also offers additional services such as insurance, equity release, and financial planning.

In terms of sustainability, Mortgage Advice Bureau has implemented several initiatives to reduce its environmental impact. This includes promoting paperless processes, using energy-efficient equipment, and encouraging employees to use public transport or cycle to work. The company also supports various charities and community projects through its MAB Foundation.

The key people at Mortgage Advice Bureau include Peter Brodnicki, the company's CEO, and Lucy Tilley, the Group Financial Director. The company has over 1,500 mortgage advisers across the UK and has won numerous awards for its services.

For those interested in seeking mortgage advice or learning more about the company, Mortgage Advice Bureau's website is www.mortgageadvicebureau.com. The registered office address is Capital House, Pride Place, Pride Park, Derby, DE24 8QR. Overall, Mortgage Advice Bureau is a reputable and sustainable company that provides valuable financial services to its clients.

Financial Metrics

Cash
£0
Net Worth
£59,795,000
Total Current Assets
£52,995,000
Total Current Liabilities
£0

Company Location