2M GROUP LIMITED
Company Information
- Company Number
- 07904022
- Registered Address
- Quadrant House Floor 6, 4 Thomas More Square, London, E1W 1YW
- Status
- Active
- Employee Count
- 480.0
- Turnover
- 191667000.0
- EBITDA
- 18747000.0
Additional Details
- Website
- https://www.2m-holdings.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 January 2012
- Nature of Business
- 96090 - Other service activities not elsewhere classified
- Industries
- Supply Chain,Manufacturing And Commerce Models
- Region
- London
Company Location
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 May 2022 - 31 Oct 2022 | 29 Nov 2022 | 46 | 33% | 49% | 18% | 55% |
| 01 Nov 2021 - 30 Apr 2022 | 26 May 2022 | 51 | 34% | 46% | 20% | 45% |
| 01 May 2021 - 31 Oct 2021 | 08 Dec 2021 | 50 | 32% | 48% | 21% | 41% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 56 | 29% | 48% | 23% | 50% |
| 01 Apr 2020 - 31 Oct 2020 | 28 Nov 2020 | 31 | 57% | 37% | 6% | 54% |
| 01 Sept 2019 - 30 Apr 2020 | 02 Jun 2020 | 30 | 54% | 40% | 6% | 68% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 33 | 53% | 40% | 7% | 47% |
| 01 Nov 2018 - 30 Apr 2019 | 20 May 2019 | 31 | 54% | 41% | 5% | 46% |
| 01 May 2018 - 31 Oct 2018 | 29 Nov 2018 | 29 | 61% | 34% | 5% | 50% |
| 01 Nov 2017 - 30 Apr 2018 | 30 May 2018 | 28 | 56% | 39% | 5% | 46% |
| 01 May 2017 - 31 Oct 2017 | 28 Nov 2017 | 31 | 50% | 45% | 5% | 48% |
Company Summary
2M GROUP LIMITED is a British company that provides a range of products and services to various industries such as cosmetics, pharmaceuticals, and personal care
The company was founded in 2002 and is headquartered in West Midlands, United Kingdom
The company's sustainability program is focused on reducing its environmental impact and promoting responsible business practices
They have implemented measures such as using renewable energy sources, reducing waste, and promoting sustainable sourcing of raw materials
2M GROUP LIMITED offers a wide range of products including natural and organic ingredients, active ingredients, and specialty chemicals
These products are used in various industries for their functional and aesthetic properties
The company has a team of experienced and knowledgeable professionals who are committed to providing high-quality products and services to their clients
The key people of 2M GROUP LIMITED include the founder and managing director, Mr
Manoj Devani, and the director of sales and marketing, Mr
Iain Smith
For more information on their products and services, clients can contact the company through their website, which is www.2mgroup.co.uk
The registered office address of 2M GROUP LIMITED is Unit 4, The I O Centre, Nash Road, Park Farm Industrial Estate, Redditch, Worcestershire, B98 7AS, United Kingdom
In conclusion, 2M GROUP LIMITED is a sustainable and innovative company that offers a diverse range of products and services to various industries
With a strong focus on sustainability and a team of dedicated professionals, the company is committed to providing high-quality solutions to its clients
Company Review
Trend Analysis
The average time taken for 2M GROUP LIMITED to pay invoices to suppliers has fluctuated over the past three periods. It decreased by 3 days from 31 days in the period of May 2017 - October 2017 to 28 days in the period of November 2017 - April 2018. It then increased by 1 day in the period of May 2018 - October 2018, and then remained relatively stable in the following two periods before increasing again by 3 days in the period of May 2019 - October 2019. From September 2019 - April 2020, there was a significant decrease in the average time taken to pay invoices by 3 days. However, this trend did not continue, as there was a sharp increase of 26 days in the period of November 2020 - April 2021. The most recent period, May 2021 - October 2021, saw a slight decrease of 5 days.
Volatility Analysis
The volatility of 2M GROUP LIMITED's average time to pay invoices has been relatively low over the past three periods. There was a decrease of 3 days in the period of May 2017 - October 2017, followed by a decrease of 1 day in the next period. The following two periods saw no significant changes in the average time to pay. However, in the period of September 2019 - April 2020, there was a significant decrease of 3 days. This was followed by a sharp increase of 26 days in the next period. The most recent period, May 2021 - October 2021, saw a slight decrease of 5 days.
Summary Analysis
In the past three periods, 2M GROUP LIMITED has shown a fluctuating trend in their average time to pay invoices to suppliers. There was a decrease in the first two periods, followed by an increase in the third period. There was a significant decrease in the fourth period, but this was followed by a sharp increase in the fifth period. The most recent period saw a slight decrease. The company has consistently paid a majority of their invoices within 30 days, with an average of 53% in the past three periods. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the most recent period. The company has also consistently maintained a 0% rate of invoices not paid within agreed terms. The shortest or only standard payment period for 2M GROUP LIMITED has remained at 30 days throughout all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days end of month following 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
90
Dispute Resolution Process
Finance department handle any disputes directly with suppliers
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