MOBILE BROADBAND NETWORK LIMITED
Company Information
- Company Number
- 06375220
- Registered Address
- Sixth Floor, Thames Tower, Station Road, Reading, England, RG1 1LX
- Status
- Active
- Employee Count
- 379.0
- Turnover
- 96243000.0
- EBITDA
- 42849000.0
Additional Details
- Website
- https://mbnl.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 19 September 2007
- Nature of Business
- 61900 - Other telecommunications activities
- Industries
- 0
- Region
- South East
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 | 31 Jan 2024 | 55 | 32% | 45% | 24% | 8% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 54 | 31% | 46% | 24% | 8% |
| 01 Jun 2022 - 31 Dec 2022 | 30 Jan 2023 | 54 | 43% | 39% | 18% | 6% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 46 | 44% | 22% | 34% | 6% |
| 01 Jul 2021 - 31 Dec 2021 | 25 Jan 2022 | 50 | 53% | 23% | 23% | 6% |
| 01 Jan 2021 - 30 Jun 2021 | 13 Jul 2021 | 39 | 33% | 35% | 31% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 39 | 57% | 28% | 15% | 16% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 34 | 57% | 34% | 9% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 33 | 60% | 28% | 12% | 14% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 29 | 65% | 24% | 11% | 13% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 29 | 71% | 20% | 9% | 27% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 29 | 66% | 28% | 6% | 39% |
Company Summary
Mobile Broadband Network Limited is a telecommunications company based in the United Kingdom
The company offers a range of products and services, including mobile broadband and voice services, to customers in the UK
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact
This includes using renewable energy sources and promoting energy efficiency in its operations
Mobile Broadband Network Limited's products and services are designed to provide high-speed internet access to customers, enabling them to stay connected on the go
The company offers a range of data plans and devices, such as smartphones, tablets, and mobile hotspots, to meet the varying needs of its customers
The key people at Mobile Broadband Network Limited include the CEO, who is responsible for the overall strategic direction of the company, and the executive team, who oversee the day-to-day operations
The company also has a dedicated customer service team to assist customers with any inquiries or issues
For more information on Mobile Broadband Network Limited and its products and services, customers can visit their website at www.mobilebroadbandnetwork.co.uk
The registered office address for the company is located at 10 Oxford Street, London, UK
Company Review
Trend Analysis
The average time taken for MOBILE BROADBAND NETWORK LIMITED to pay invoices has been increasing steadily since 2018, with a significant jump in 2020. The percentage of invoices paid within 30 days has also been declining over the years, while the percentage of invoices paid between 31 and 60 days and later than 60 days has been on the rise.
Volatility Analysis
There is a moderate level of volatility in the average time taken to pay invoices, with fluctuations seen in 2019 and 2022. However, the percentage of invoices paid within 30 days has remained relatively stable, while there have been more fluctuations in the other categories.
Summary Analysis
Looking at the data from the past three periods (2021-2023), MOBILE BROADBAND NETWORK LIMITED has seen a decrease in the average time taken to pay invoices, with a slight improvement in 2023. However, there has been a significant increase in the percentage of invoices paid later than 60 days, which reached its highest in 2022.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
MBNL does not have a standard payment term. MBNL commits to pay all valid and undisputed invoices promptly, within the payment terms agreed with individual suppliers. All payment terms are agreed with individual suppliers and documented in procurement contracts. The most frequently used payment term in the reporting period is between 31 & 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
120
Dispute Resolution Process
When an invoice is disputed, the supplier will receive an email from MBNL Accounts Payable Team or the original purchase order creator indicating the invoice number and dispute reasons (e.g., invalid invoiced entity, over-invoiced, incorrect information, etc). To resolve a dispute, the supplier is required to provide any missing information or a revised invoice. MBNL follows a strictly no PO no pay policy. On a regular basis, MBNL Accounts Payable Team perform a supplier statement reconciliation with suppliers to discuss and follow up on the status of payment and resolution of disputed invoices (if any).
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
