MONEYSAVINGEXPERT.COM LIMITED

PaymentCheck Score 2024
96Excellent
1.5vs last year
#404 in UK
#24 in Software
#192 in London

Company Information

Company Number
08021764
Registered Address
One Dean Street, London, United Kingdom, W1D 3RB
Status
Active
Employee Count
63
Turnover
£53,000,000
EBITDA
£40,900,000

Additional Details

Company Type
Private limited Company
Incorporated On
5 April 2012
Nature of Business
96090 - Other service activities not elsewhere classified
Industries
Software
Region
London

Time to Pay

Average Time to Pay
16 days
Shortest Period:0 days
Longest Period:45 days
Max Contractual:45 days

Payment Timeline

Within 30 Days
96%
31-60 Days
4%
After 60 Days
0%
Not Paid Within Terms3%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202430 Jan 20252297%3%0%0%
01 Jan 2024 - 30 Jun 202429 Jul 20241696%4%0%3%
01 Jul 2023 - 31 Dec 202330 Jan 20241899%1%0%2%
01 Jan 2022 - 30 Jun 202201 Aug 20221993%5%2%15%
01 Jul 2021 - 31 Dec 202131 Jan 20222095%4%2%9%
01 Jan 2021 - 30 Jun 202129 Jul 20211994%6%0%9%
01 Jan 2020 - 30 Jun 202028 Jul 20201795%5%0%11%
01 Jul 2019 - 31 Dec 201931 Jan 20203877%10%12%29%
01 Jan 2019 - 30 Jun 201925 Jul 20193474%16%9%28%
01 Jan 2018 - 30 Jun 201830 Jul 20183379%13%8%44%

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

We have several payment terms depending on the supplier; however the most common terms are 30 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

45

Dispute Resolution Process

All queries are directed to purchase ledger administration by phone or email to purchaseledger@MONYGroup.com and escalated to the Team Leader or Manager as appropriate.

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

MONEYSAVINGEXPERT.COM LIMITED is a UK-based company that offers a range of services and products to help consumers save money. The company was founded in 2003 by Martin Lewis, a well-known financial journalist and consumer champion.

The main activity of MONEYSAVINGEXPERT.COM LIMITED is providing money-saving advice and tips to its customers. This includes information on the best deals, discounts, and ways to save money on various products and services. The company also offers a range of tools and calculators to help consumers manage their finances.

In addition to its money-saving services, MONEYSAVINGEXPERT.COM LIMITED has a strong sustainability program. The company is committed to reducing its carbon footprint and promoting environmentally-friendly practices. This includes using renewable energy sources, reducing waste, and promoting sustainable transportation methods.

The key people behind MONEYSAVINGEXPERT.COM LIMITED are Martin Lewis, the founder, and CEO, and his team of financial experts and researchers. They are dedicated to providing reliable and up-to-date information to help consumers make informed financial decisions.

For customers who want to contact MONEYSAVINGEXPERT.COM LIMITED, they can visit their website at www.moneysavingexpert.com or reach out to their registered office at 2 London Wall Place, London, EC2Y 5AU. The company also has a strong presence on social media platforms such as Facebook, Twitter, and Instagram, where customers can interact with them and access their services.

Financial Metrics

Cash
£200,000
Net Worth
£34,600,000
Total Current Assets
£37,400,000
Total Current Liabilities
£2,800,000

Company Location