MADECOM DESIGN LTD
Company Information
- Company Number
- 07101408
- Registered Address
- Central Square, 29 Wellington Street, Leeds, LS1 4DL
- Status
- In Administration
- Employee Count
- 629
- Turnover
- £247,300,000
- EBITDA
- -£2,900,000
Additional Details
- Website
- https://www.made.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 December 2009
- Nature of Business
- 47910 - Retail sale via mail order houses or via Internet
- Industries
- Commerce Models, Property-related Goods And Services
- Region
- Yorkshire and The Humber
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time for MADE.COM DESIGN LTD to pay invoices has fluctuated over the past three periods, with a slight decrease in the most recent period. The percentage of invoices paid within 30 days has also fluctuated, with a slight increase in the most recent period. However, the percentage of invoices paid between 31 and 60 days and later than 60 days has remained relatively consistent over the past three periods. The percentage of invoices not paid within agreed terms has also fluctuated, with a decrease in the most recent period.
Volatility Analysis
The average time for MADE.COM DESIGN LTD to pay invoices has shown some volatility, with fluctuations between 29 and 38 days. The percentage of invoices paid within 30 days has also shown some volatility, with fluctuations between 45% and 63%. The percentage of invoices paid between 31 and 60 days and later than 60 days has shown less volatility, with fluctuations between 30-42% and 7-15% respectively. The percentage of invoices not paid within agreed terms has also shown some volatility, with fluctuations between 24-47%.
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 2022 - 30 Jun 2022 | 03 Aug 2022 | 29 | 63% | 30% | 7% | 31% |
| 01 Jul 2021 - 31 Dec 2021 | 02 Feb 2022 | 35 | 56% | 32% | 12% | 34% |
| 01 Jan 2021 - 30 Jun 2021 | 04 Aug 2021 | 38 | 50% | 35% | 15% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 01 Feb 2021 | 35 | 57% | 32% | 11% | 24% |
| 01 Jan 2020 - 30 Jan 2020 | 22 Jul 2020 | 34 | 57% | 32% | 11% | 34% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 38 | 45% | 42% | 13% | 47% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 34 | 52% | 42% | 7% | 37% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 35 | 56% | 36% | 8% | 33% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 34 | 60% | 34% | 6% | 36% |
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
The average standard payment terms for Made.com Design Ltd depends on the type of supplier: - for overhead suppliers it is 30 days from date of invoice which makes up of 50% of invoices - for stock suppliers the standard payment terms vary from 0 days (immediate payments) up to 90 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
no
Maximum contractual payment period agreed
90
Dispute Resolution Process
Suppliers are contacted and advised there is an issue with the invoice. The person responsible for dispute resolution is usually the business representative who has a direct relationship with the supplier and ordered the goods/services from them directly. If it cannot be resolved in a timely manner, then the dispute would be taken over by the director/head of department.
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
MADE.COM DESIGN LTD is a UK-based online retailer that offers affordable and stylish furniture and home decor products. The company was founded in 2010 and has since become a popular choice for customers looking for high-quality and unique designs.
The company's sustainability program focuses on reducing waste and promoting ethical sourcing and manufacturing practices. They strive to use more sustainable materials and have implemented a recycling program for their packaging materials.
MADE.COM offers a wide range of products, including furniture for living rooms, dining rooms, bedrooms, and outdoor spaces, as well as home accessories such as lighting, rugs, and wall art. Their products are designed in-house and manufactured by their network of suppliers, cutting out the middleman and allowing them to offer competitive prices to customers.
The key people at MADE.COM include co-founder and CEO, Ning Li, who has a background in e-commerce and retail, and co-founder and Creative Director, Chloe Macintosh, who has a background in design. Together, they have built a successful brand that has expanded to several European countries.
Customers can contact MADE.COM through their website, which also serves as their online store. The website offers a user-friendly interface, with detailed product descriptions, high-quality images, and customer reviews. They also have a registered office address in London, UK.
In summary, MADE.COM DESIGN LTD is a sustainable and innovative company that offers stylish and affordable furniture and home decor products. With a strong team of leaders and a user-friendly website, they have established themselves as a leading online retailer in the UK and Europe.
