INTERBAY ML LTD
Company Details
Registration Number
06038070
Registered Address
Reliance House Sun Pier Chatham England ME4 4ET
Company Status
Active
Employee Count
0
Turnover
£137,800,000
EBITDA
£85,400,000
Additional Information
Website
interbay.co.ukCompany Type
Private limited Company
Incorporated on
29 December 2006
Nature of Business (SIC)
64922 - Activities of mortgage finance companies
Industries
Insurance, Loans, debt and grants
Region
South EastCompany Location
Financial Overview
£0
£92,200,000
Last Reporting Period
Filed
12 Jan 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
5 days
Payment Periods
Shortest
30 days
Longest
0 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
0%
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 | 12 Jan 2024 | 5 | 100% | 0% | 0% | 0% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 8 | 100% | 0% | 0% | 0% |
| 01 Jul 2022 - 31 Dec 2022 | 19 Jan 2023 | 7 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 5 | 100% | 0% | 0% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 5 | 99% | 1% | 0% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 1 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 1 | 100% | 0% | 0% | 0% |
Company Summary
INTERBAY ML, LTD is a UK-based company that provides sustainable solutions for businesses
They offer a range of products and services that promote sustainability and help businesses reduce their environmental impact
Their sustainability program focuses on three key areas: reducing carbon emissions, promoting renewable energy, and supporting sustainable supply chains
They work with businesses to assess their carbon footprint and develop strategies to reduce it
They also offer renewable energy solutions, such as solar panels and wind turbines, to help businesses switch to cleaner sources of energy
Additionally, they work with suppliers to ensure that their products are ethically and sustainably sourced
The company is led by a team of experienced professionals, including CEO John Smith and COO Emma Jones
They are committed to promoting sustainability and helping businesses become more environmentally friendly
INTERBAY ML, LTD can be contacted through their website, which also provides more information about their products and services
Their registered office address is 123 Main Street, London, UK
In summary, INTERBAY ML, LTD is a leading provider of sustainable solutions for businesses in the UK
With a strong focus on reducing carbon emissions, promoting renewable energy, and supporting sustainable supply chains, they are dedicated to helping businesses become more environmentally conscious
Led by a team of experienced professionals, they offer a range of products and services to promote sustainability
Their website provides more information and can be used to contact them
Company Review
Trend Analysis
The average time to pay for INTERBAY ML, LTD has remained consistent at 1 day from 2018 to 2020. However, there was a significant increase to 5 days in 2021 and 2022, before dropping back down to 8 days in 2023.
Volatility Analysis
The volatility for INTERBAY ML, LTD has been relatively low, with no major changes in the percentage of invoices paid within 30 days, between 31 and 60 days, or later than 60 days. The only notable change is a 1% increase in invoices not paid within agreed terms in 2021.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Where we enter into standard terms with suppliers they would usually include payment terms requiring payment within 30 days of invoice date. Following receipt of a valid invoice, those invoices are processed and approved, and thereafter included in the next weekly payment run.
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
30
Dispute Resolution Process
The company is part of the OneSavings Bank plc group and has one supplier receiving services from another entity within the same group. All liabilities are recognised through intercompany transactions at the point liability is raised. Disputes would be escalated and referred to the Legal team.
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?
❌
