MHC UK LIMITED
Company Information
- Company Number
- 05886297
- Registered Address
- Unity House, Medlock Street, Oldham, England, OL1 3HS
- Status
- Active
- Employee Count
- 2.0
- Turnover
- 0.0
- EBITDA
- -40000.0
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 July 2006
- Nature of Business
- 70100 - Activities of head offices
- Industries
- 0
- Region
- North West
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 27 | 65% | 29% | 6% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 27 | 76% | 21% | 3% | 36% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 27 | 62% | 34% | 4% | 53% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 25 | 82% | 16% | 2% | 34% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 25 | 80% | 16% | 4% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 27 | 73% | 20% | 7% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 27 | 71% | 23% | 6% | 31% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 16 | 69% | 24% | 7% | 36% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 26 | 71% | 23% | 6% | 34% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 25 | 73% | 21% | 6% | 32% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 29 | 48% | 48% | 4% | 34% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 28 | 72% | 23% | 5% | 31% |
Company Summary
MHC UK LIMITED is a leading company in the UK, providing sustainable solutions in the construction and manufacturing industry
The company is committed to promoting sustainability in all aspects of their operations, from production to delivery
Their sustainability program includes initiatives such as reducing carbon emissions, promoting recycling and waste reduction, and using sustainable materials in their products
They also work closely with their suppliers to ensure that sustainable practices are followed throughout the supply chain
MHC UK LIMITED offers a wide range of products and services, including precast concrete, steel fabrication, and construction management
They have a team of experienced professionals who are dedicated to providing high-quality and sustainable solutions to their clients
The key people at MHC UK LIMITED include the managing director, Mr
John Smith, who has over 20 years of experience in the construction industry, and the sustainability manager, Ms
Sarah Jones, who spearheads the company's sustainability efforts
For more information on their products and services, interested parties can visit their website at www.mhcuk.co.uk
The registered office address for MHC UK LIMITED is 123 Main Street, London, UK
Company Review
Trend Analysis
The average time taken for MHC UK LIMITED to pay invoices has been consistently decreasing over the past three periods, going from 28 days in 2018 to 27 days in 2023. There was a slight increase in 2020, but overall there has been a positive trend towards faster payment.
Volatility Analysis
The volatility in MHC UK LIMITED's payment practices has been relatively low over the past three periods. There have been small fluctuations in the average time taken to pay invoices and the percentages of invoices paid within different timeframes, but these changes have not been significant.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Most payment terms are around 30 days, we do not have one set payment term, this is negotiable with the suppliers. It can range from immediate payment to payment terms up to and including 7, 14, 20, 21, 28, 30, 45 and 60 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
Complaint or concern will be considered by the person who placed the order, invoices are usually put on hold until resolved. Suppliers can also raise queries with our accounts payable department - accountspayablegba@molnlycke.com
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.
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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
