MEARS CARE LIMITED
Company Information
- Company Number
- 04320403
- Registered Address
- Crown House Stephenson Road, Severalls Industrial Park, Colchester, England, CO4 9QR
- Status
- Active
- Employee Count
- 1,470
- Turnover
- £34,396,000
- EBITDA
- -£863,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 9 November 2001
- Nature of Business
- 86900 - Other human health activities
- Industries
- Healthcare And Wellbeing
- Region
- East of England
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
From Jan 2018 to Jun 2018, MEARS CARE LIMITED had an average time to pay of 14 days and 88% of invoices were paid within 30 days. This improved in the next period, Jul 2018 to Dec 2018, with an average time to pay of 26 days and 73% of invoices paid within 30 days. However, in the most recent period, Jan 2019 to Jun 2019, there was no change in the average time to pay and a slight decrease in the percentage of invoices paid within 30 days to 71%.
Volatility Analysis
There was a significant increase in the average time to pay from the first period to the second period, with an increase of 12 days. However, there was no change in the average time to pay in the most recent period. There was also a slight increase in the percentage of invoices paid within 30 days in the second period, but a decrease in the most recent period.
Summary Analysis
In the past three periods, there has been an increase in the average time to pay for MEARS CARE LIMITED, from 14 days to 26 days. This is reflected in a decrease in the percentage of invoices paid within 30 days, from 88% to 71%. There was also an increase in the percentage of invoices paid later than 60 days, from 4% to 8%. The company has maintained a consistent standard payment period of 7 days throughout all three periods.
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 2024 - 31 Dec 2024 | 02 Sept 2025 | 17 | 88% | 8% | 4% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Jul 2019 | 26 | 71% | 21% | 8% | 57% |
| 01 Jul 2018 - 31 Dec 2018 | 09 Feb 2019 | 26 | 73% | 18% | 8% | 58% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 14 | 88% | 8% | 4% | 58% |
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
Suppliers: 30 days nett monthly. Subcontractors: 14 to 30 days - as agreed with individual subcontractor.
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
Mears Care Limited actively seeks to resolve disputes by discussing with relevant personnel at the supplier. Discussions may involve accounts payable and credit control, procurement and commercial teams as well as members of management where necessary.
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
MEARS CARE LIMITED is a UK-based company that provides social care services to individuals in need. They offer a range of services including home care, supported living, and residential care.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have a recycling program in place and use eco-friendly cleaning products. MEARS CARE also strives to reduce their carbon footprint by encouraging their employees to use public transport or carpool when traveling to clients’ homes.
Their products and services are focused on providing quality care to their clients. They offer personalized care plans to meet the individual needs of each client, ensuring they receive the best possible care. MEARS CARE also provides training and development opportunities for their staff to ensure they deliver high-quality care.
The key people at MEARS CARE LIMITED include their CEO, Ms. Sian Edwards, and their Managing Director, Mr. Nigel Dyer. They both have extensive experience in the healthcare industry and are dedicated to providing excellent care to their clients.
For more information, individuals can visit their website at www.mearscare.co.uk. The registered office address for MEARS CARE LIMITED is 1390 Montpellier Court, Gloucester Business Park, Gloucester, GL3 4AH.
In summary, MEARS CARE LIMITED is a socially responsible company that provides sustainable and personalized care services to individuals in need. With their dedicated team of professionals and commitment to sustainability, they strive to make a positive impact on their clients and the environment.
