M AND M DIRECT LIMITED
Company Information
- Company Number
- 05069228
- Registered Address
- Mandm Direct Limited, Clinton Road, Leominster, Herefordshire, HR6 0SP
- Status
- Active
- Employee Count
- 1134.0
- Turnover
- 322891000.0
- EBITDA
- 13905000.0
Additional Details
- Website
- https://mandmdirect.com
- Company Type
- Private limited Company
- Incorporated On
- 10 March 2004
- Nature of Business
- 47910 - Retail sale via mail order houses or via Internet
- Industries
- Creative,Media And Publishing,Supply Chain,Manufacturing And Commerce Models
- Region
- West Midlands
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Feb 2023 - 31 Jul 2023 | 31 Aug 2023 | 27 | 81% | 17% | 2% | 11% |
| 01 Aug 2022 - 31 Jan 2023 | 27 Feb 2023 | 30 | 69% | 25% | 5% | 20% |
| 01 Feb 2022 - 31 Jul 2022 | 26 Aug 2022 | 28 | 83% | 15% | 2% | 11% |
| 01 Aug 2021 - 31 Jan 2022 | 24 Feb 2022 | 26 | 90% | 9% | 2% | 12% |
| 01 Feb 2021 - 31 Jul 2021 | 26 Aug 2021 | 28 | 79% | 17% | 4% | 20% |
| 01 Aug 2020 - 31 Jan 2021 | 24 Feb 2021 | 32 | 62% | 36% | 2% | 35% |
| 01 Feb 2020 - 31 Jul 2020 | 21 Aug 2020 | 38 | 59% | 33% | 8% | 50% |
| 01 Aug 2019 - 31 Jan 2020 | 28 Feb 2020 | 29 | 78% | 20% | 2% | 23% |
| 01 Feb 2019 - 31 Jul 2019 | 27 Aug 2019 | 34 | 72% | 21% | 7% | 31% |
| 01 Aug 2018 - 31 Jan 2019 | 28 Feb 2019 | 37 | 54% | 34% | 12% | 46% |
| 01 Feb 2018 - 31 Jul 2018 | 23 Aug 2018 | 33 | 59% | 33% | 8% | 50% |
| 01 Aug 2017 - 31 Jan 2018 | 23 Feb 2018 | 35 | 54% | 36% | 10% | 57% |
Company Summary
M and M Direct Limited is a leading online retailer of discounted lifestyle and sports brands, offering a wide range of products including clothing, footwear, and accessories for men, women, and children
The company was founded in 1987 and is headquartered in Herefordshire, UK
The company's sustainability program includes initiatives to reduce their carbon footprint, promote ethical and responsible sourcing, and support communities and charities
They work with their suppliers to ensure fair working conditions and use sustainable materials in their products
Their product range includes popular brands such as Nike, Adidas, and Under Armour, at discounted prices
They also offer a range of own-brand products, including outdoor clothing and footwear
The key people at M and M Direct Limited include the CEO, Andy Sharp, who has been with the company since 2008 and has a background in retail and e-commerce
The company's registered office address is in Leominster, Herefordshire, and their website address is www.mandmdirect.com
In summary, M and M Direct Limited is a reputable online retailer offering discounted lifestyle and sports brands, with a strong focus on sustainability and responsible sourcing
Their wide range of products, affordable prices, and commitment to ethical practices make them a popular choice among consumers
Company Review
Trend Analysis
The trend for M AND M DIRECT LIMITED in terms of average time to pay has been relatively stable, with an initial increase in 2019 followed by a decrease in 2020 and a slight increase in 2021. However, the company has consistently improved in terms of paying invoices within 30 days, with a significant improvement from 72% in 2019 to 90% in 2021. The percentage of invoices paid between 31 and 60 days has also improved, while the percentage of invoices paid later than 60 days has decreased over the years. Overall, the trend shows a positive improvement in the company's payment practices.
Volatility Analysis
The volatility of M AND M DIRECT LIMITED's payment practices can be seen in the fluctuation of the percentage of invoices paid within 30 days and between 31 and 60 days. While there is a steady decrease in the percentage of invoices paid later than 60 days, there are fluctuations in the percentage of invoices paid within 30 days and between 31 and 60 days. This could indicate that the company may have some challenges in consistently paying invoices within a specific timeframe.
Summary Analysis
In terms of average time to pay, M AND M DIRECT LIMITED has shown stability with a slight increase in recent years. The company has consistently improved in paying invoices within 30 days and between 31 and 60 days, with a significant improvement in paying within 30 days. There has also been a decrease in the percentage of invoices paid later than 60 days. The company's shortest (or only) standard payment period has remained at 30 days throughout the years.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 Days
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
90
Dispute Resolution Process
If a dispute is raised, it is forwarded to the relevant stakeholders within the business to be considered. Payment of invoice is held with the suppliers knowledge until dispute is resolved with the supplier. This is usually within days. Payment is processed immediately when dispute is resolved.
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
