MWB BUSINESS EXCHANGE CENTRES LIMITED
Company Information
- Company Number
- 05512549
- Registered Address
- Ship Canal House 8th Floor, 98 King Street, Manchester, M2 4WU
- Status
- Dissolved
- Employee Count
- 35
- Turnover
- £60,988,000
- EBITDA
- £741,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 July 2005
- Nature of Business
- 68209 - Other letting and operating of own or leased real estate
- Industries
- Property
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average time taken for MWB BUSINESS EXCHANGE CENTRES LIMITED to pay invoices has increased over the past three periods, from 84 days in Jan 2018 to 97 days in Jun 2020.
Volatility Analysis
The average time taken to pay invoices has shown a steady increase over the three periods, with the largest increase of 7 days occurring between Jan 2018 and Jun 2020.
Summary Analysis
Over the past three periods, MWB BUSINESS EXCHANGE CENTRES LIMITED has shown a negative trend in their payment practices, with an increase in the average time taken to pay invoices and a decrease in the percentage of invoices paid within 30 days and between 31 and 60 days. However, there has been a slight improvement in the percentage of invoices paid later than 60 days.
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 Jan 2018 - 30 Jun 2018 | 09 Jul 2018 | 84 | 59% | 10% | 31% | 90% |
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
Net 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
60
Dispute Resolution Process
The main point of contact for disputes is the Accounts Payable team in the Global Services Centre. Where disputes arise over payments received by suppliers, the AP team provide the supplier with a list of the invoices paid for reconciliation purposes. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. A PO and invoice is required before payment is made.
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.
❌
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
Company Summary
MWB Business Exchange Centres Limited is a UK-based company that offers flexible and fully serviced office spaces for businesses of all sizes. They have multiple locations throughout the UK, including London, Birmingham, Manchester, and Edinburgh.
The company's sustainability program focuses on reducing their carbon footprint and promoting environmentally friendly practices. They have implemented energy-efficient measures, waste reduction strategies, and use sustainable materials in their offices.
MWB Business Exchange Centres Limited offers a range of products and services, including virtual offices, meeting rooms, co-working spaces, and private offices. They also provide business support services such as mail handling, call answering, and IT support.
The company's key people include managing director, Mark Dixon, and executive chairman, John Spencer. They have a team of experienced professionals who are dedicated to providing high-quality services to their clients.
Their website address is https://www.mwbex.com/ and their registered office address is 1 Canada Square, Canary Wharf, London, E14 5AB. Customers can contact them through their website or by calling their customer service hotline at 0800 319 6600. Overall, MWB Business Exchange Centres Limited is a highly reputable and sustainable business that offers excellent office solutions for companies in the UK.
