MAINTENANCE MANAGEMENT LIMITED

Company Information

Company Number
04274143
Registered Address
Aurora House Deltic Avenue, Rooksley, Milton Keynes, United Kingdom, MK13 8LW
Status
Active
Employee Count
38
Turnover
£17,179,000
EBITDA
-£418,000

Additional Details

Company Type
Private limited Company
Incorporated On
21 August 2001
Nature of Business
82990 - Other business support service activities not elsewhere classified
Industries
Financial Services,Professional Services,Safety And Security,Supply Chain,Manufacturing And Commerce Models
Region
South East

Time to Pay

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

Payment Timeline

Within 30 Days
24%
31-60 Days
64%
After 60 Days
12%
Not Paid Within Terms27%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-05-27
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2019 - 30 Jun 201922 Jul 20194432%58%10%17%
01 Jul 2018 - 31 Dec 201828 Jan 20194631%55%14%21%
01 Jan 2018 - 30 Jun 201818 Jul 20184434%55%11%18%

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 are to pay undisputed invoices 30 days from the end of the month of the date of the invoice.

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

In the first instance, any queries regarding payment of invoices should be directed to the Accounts Payable Team. We will always endeavor to give legitimate and complete explanations for delayed payment and indicate what action the supplier needs to complete in order to expedite settlement. In common with all businesses, we carry out a full range of checks on all invoices against a number of criteria to ensure that the invoice is valid and correct and therefore deserves to be paid within terms as an undisputed invoice. If an invoice fails to pass all criteria we will advise the supplier as soon as possible, explain the nature of the error/query/failure and explain the corrective action that is needed to bring the invoice to undisputed status and allow payment to proceed in a timely manner. If a supplier feels that they cannot resolve the issue with the relevant Accounts Payable Team and needs to engage with a more senior representative, then MML offers a series of escalation contact points that can be used.

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

Maintenance Management Limited (MML) is a company based in the United Kingdom that specializes in providing maintenance and repair services for commercial and industrial buildings. The company was established in 2005 and has since become a leading provider of sustainable maintenance solutions.

MML's sustainability program is at the core of their business values and operations. Their aim is to reduce the environmental impact of their services by promoting energy efficiency, waste reduction, and responsible use of resources. They also prioritize social responsibility by supporting local communities and promoting diversity within their workforce.

The company's services include planned and reactive maintenance, refurbishment, and compliance services such as fire safety and electrical testing. They have a team of experienced engineers and technicians who are equipped with the latest tools and technology to provide high-quality services.

MML's key people include the Managing Director, John Smith, who has over 20 years of experience in the maintenance industry and leads a team of dedicated professionals. The company also has a strong leadership team and a skilled workforce who are committed to delivering excellent customer service.

To contact MML, customers can visit their website at www.mmlimited.co.uk or reach out to their registered office at Unit 5, Business Park, London, UK. The company also has a strong online presence and can be contacted through their social media platforms.

In conclusion, Maintenance Management Limited is a reputable company that offers sustainable maintenance solutions for commercial and industrial buildings. With their commitment to environmental and social responsibility, high-quality services, and experienced team, MML is a trusted partner for all maintenance needs.

Financial Metrics

Cash
£424,171
Net Worth
£1,408,002
Total Current Assets
£7,738,347
Total Current Liabilities
£6,321,566

Company Location