MORE 2 LIFE LTD

PaymentCheck Score 2025
75Fair
#2115 in UK
#274 in Financial Services
#120 in North West

Company Information

Company Number
05390268
Registered Address
Baines House Midgery Court, Fulwood, Preston, PR2 9ZH
Status
Active
Employee Count
162
Turnover
£114,157,000
EBITDA
£20,075,000

Additional Details

Company Type
Private limited Company
Incorporated On
11 March 2005
Nature of Business
64922 - Activities of mortgage finance companies
Industries
Financial Services
Region
North West

Time to Pay

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

Payment Timeline

Within 30 Days
95%
31-60 Days
3%
After 60 Days
2%
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: 2020-09-17
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2025 - 30 Jun 202530 Jul 20252767%32%1%36%
01 Jan 2020 - 30 Jun 202017 Sept 2020895%3%2%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

We operate on 30 day payment 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

30

Dispute Resolution Process

Suppliers can contact us, we would look into the query and make a decision on how to proceed dependent on the circumstances

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

MORE 2 LIFE LTD is a financial services company based in the UK that specializes in equity release and retirement planning. The company was founded in 2008 and is headquartered in Preston, Lancashire.

As part of their sustainability program, MORE 2 LIFE LTD is committed to promoting responsible lending practices and ensuring ethical treatment of their customers. They also strive to minimize their impact on the environment by reducing paper usage and promoting digital solutions.

The company's main product is their equity release plan, which allows homeowners over the age of 55 to release tax-free cash from their property while still retaining the right to live in it. They also offer a range of retirement planning services, including pension transfer and annuities.

The key people at MORE 2 LIFE LTD include CEO Dave Harris, Managing Director Dave Harris, and Operations Director Stuart Wilson. They have a team of experienced and qualified advisors to assist clients with their financial needs.

To contact MORE 2 LIFE LTD, individuals can visit their website at www.more2life.co.uk or call their customer service hotline at 0800 028 8974. The company's registered office address is at 2nd Floor, Gateway 2, Holgate Park Drive, York, YO26 4GB.

Financial Metrics

Cash
£10,601,000
Net Worth
£25,707,000
Total Current Assets
£35,362,000
Total Current Liabilities
£6,849,000

Company Location