MIMECAST SERVICES LIMITED

PaymentCheck Score 2025
86Good
8.0vs last year
#1258 in UK
#14 in Information Technology
#562 in London

Company Information

Company Number
04901524
Registered Address
Floor 4 1 Finsbury Avenue, London, England, EC2M 2PF
Status
Active
Employee Count
633
Turnover
£202,346,000
EBITDA
£17,053,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 September 2003
Nature of Business
62020 - Information technology consultancy activities
Industries
Information Technology,Telecommunications And Data,Professional Services,Safety And Security,Software
Region
London

Time to Pay

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

Payment Timeline

Within 30 Days
68%
31-60 Days
24%
After 60 Days
8%
Not Paid Within Terms6%

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: 2024-10-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Apr 2025 - 30 Sept 202530 Oct 20253286%6%8%4%
01 Oct 2023 - 31 Mar 202424 Apr 20243167%25%8%8%
01 Apr 2023 - 30 Sept 202330 Oct 20232874%21%5%9%
01 Apr 2022 - 30 Sept 202211 Oct 20222869%23%8%32%
01 Oct 2021 - 31 Mar 202214 Apr 20222869%26%6%30%
01 Apr 2021 - 30 Sept 202120 Oct 20212670%24%6%27%
01 Oct 2020 - 31 Mar 202120 Apr 20212473%24%3%28%

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 most frequently used Standard payment term is 30 days after invoice date. We use various service providers and vendors for the purchase of goods and the payment terms vary from 30 days to 60 days. Payment terms are agreed in service agreements and/or indicated on the invoice.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

Payment disputes are dealt with in accordance with the terms of the relevant contract. The business contact is responsible for confirming that the goods/services delivered is of the required quality and purchase orders are receipted before payment is actioned. Invoice disputes are addressed with the suppliers directly by the business contact. If the dispute remains unresolved, it will be escalated to the relevant Corporate and Finance department accordingly.

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

MIMECAST SERVICES LIMITED is a UK-based company that provides email security and cloud-based services to businesses. Founded in 2003, the company has grown to become a leader in the industry, with a strong focus on sustainability and innovation.

One of MIMECAST's main services is email security, which protects businesses from cyber threats such as phishing, malware, and ransomware. They also offer cloud-based solutions for data backup and archiving, as well as email continuity in case of system outages. These services are designed to help businesses of all sizes protect their data and keep their operations running smoothly.

The company has a strong commitment to sustainability and has implemented various initiatives to reduce its environmental impact. They have a recycling program for electronic waste, use energy-efficient equipment, and have implemented paperless processes wherever possible. Additionally, they have a comprehensive data privacy policy to protect their customers' sensitive information.

The key people at MIMECAST include Peter Bauer, the co-founder and CEO, and Neil Murray, the co-founder and CTO. Under their leadership, the company has grown significantly and has received numerous awards for its products and services.

To contact MIMECAST, individuals can visit their website at www.mimecast.com or reach out to their registered office address at 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom. Overall, MIMECAST SERVICES LIMITED is a reputable and sustainable company that offers essential services to businesses while prioritizing environmental responsibility.

Financial Metrics

Cash
£99,048,000
Net Worth
£213,839,000
Total Current Assets
£176,720,000
Total Current Liabilities
£109,916,000

Company Location