Industry ranking
Score of 87.4/100 qualifies for PaymentCheck Certification
The trend for M&E GLOBAL RESOURCES LIMITED's average time to pay invoices has been fluctuating over the past three periods. It increased from 16 days in the first period to 19 days in the third period with a decrease in the second period to 14 days.
The volatility in M&E GLOBAL RESOURCES LIMITED's average time to pay invoices is relatively low, with only a 3-day difference between the shortest and longest periods.
Between the first and third periods, there has been a 3-day increase in the average time taken for M&E GLOBAL RESOURCES LIMITED to pay invoices. The percentage of invoices paid within 30 days has decreased from 86% to 82%, while the percentage of invoices paid between 31 and 60 days has increased from 13% to 16%. The percentage of invoices paid later than 60 days has also increased from 1% to 2%. M&E GLOBAL RESOURCES LIMITED has consistently had a standard payment period of 7 days.
| 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 2023 - 30 Jun 2023 | 25 Sept 2023 | 19 | 82% | 16% | 2% | 18% |
| 01 Jul 2022 - 31 Dec 2022 | 25 Sept 2023 | 14 | 89% | 10% | 1% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Sept 2023 | 16 | 86% | 13% | 1% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt of invoice
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
Any complaint or concern will be considered by the accounts department and resolved within 7 days
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
ME Global Resources Limited is a subsidiary within the M&E Global group, a recruitment business supplying contract personnel to the defence sector, including maintenance, supply and logistics, and transportation roles across aviation, land and marine operations for military clients worldwide. According to the group's own history, the company was established in 2010 as a 100% subsidiary with an initial focus on Oil & Gas related projects and delivery of ECITB accredited training courses, before later acquiring the assets and liabilities of other UK subsidiaries as part of the current group structure formed in 2014. The wider group provides staffing, life support services and related logistics solutions internationally, though these group-level activities should not be attributed to this entity alone.
Generated from the company's website and Companies House records. Sources: mneglobal.com · mneglobal.com