MM PACKAGING UK LIMITED

PaymentCheck Score 2022
44Poor
4.2vs last year
#4429 in UK
#121 in Manufacturing
#239 in Yorkshire and The Humber

Company Information

Company Number
08226378
Registered Address
Robin Mills Leeds Road, Idle, Bradford, United Kingdom, BD10 9TE
Status
Active
Employee Count
342
Turnover
£36,942,000
EBITDA
-£130,000

Additional Details

Company Type
Private limited Company
Incorporated On
24 September 2012
Nature of Business
17219 - Manufacture of other paper and paperboard containers
17290 - Manufacture of other articles of paper and paperboard not elsewhere classified
Industries
Manufacturing
Region
Yorkshire and The Humber

Time to Pay

Average Time to Pay
58 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
22%
31-60 Days
29%
After 60 Days
49%
Not Paid Within Terms21%

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: 2023-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202229 Jul 20225725%30%45%22%
01 Jul 2021 - 31 Dec 202131 Jan 20225725%29%46%18%
01 Jan 2021 - 30 Jun 202126 Jul 20215130%28%42%16%
01 Jul 2020 - 31 Dec 202022 Jan 20215033%28%39%18%
01 Jul 2019 - 31 Dec 201928 Jan 20204934%29%37%29%
01 Jan 2019 - 30 Jun 201929 Jul 20194931%34%35%36%
01 Jul 2018 - 31 Dec 201828 Jan 20197113%28%59%55%
01 Jan 2018 - 30 Jun 201827 Jul 20185325%31%44%62%

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

Our standard payment term for larger multinational suppliers is currently 90 days. For smaller and medium-sized suppliers, that represent the majority of invoices received by number, the payment term is currently predominantly between 30 days and 45 days.

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

No information available

Any other information about payment terms

N/a

Maximum contractual payment period agreed

120

Dispute Resolution Process

Complaints or concerns should be raised in the first instance with the accounts payable team, for which all suppliers have contact details. The accounts payable team will escalate where applicable to the accounts payable team leader. In the event of the dispute not being resolved by the Accounts Payable function, further escalation to the Divisional Procurement Director and the Group Head of Procurement will be taken.

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

MM PACKAGING UK LIMITED is a leading packaging company that offers a wide range of sustainable packaging solutions to its customers. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.

The company's sustainability program focuses on reducing waste, energy consumption, and carbon emissions in its operations. They have invested in energy-efficient equipment and use renewable energy sources wherever possible. MM PACKAGING UK LIMITED also promotes recycling and uses sustainable materials in its packaging products.

The company offers a variety of packaging solutions, including corrugated boxes, packaging tapes, and protective packaging, to cater to the needs of different industries. Their products are designed to be eco-friendly and are made from recyclable materials.

The key people at MM PACKAGING UK LIMITED include their Managing Director, who oversees the overall operations of the company, and their Sustainability Manager, who leads the sustainability efforts. They also have a team of experienced professionals who are dedicated to providing high-quality packaging solutions to their customers.

For more information on their products and services, customers can visit the company's website at www.mmpackaging.co.uk. The registered office address of MM PACKAGING UK LIMITED is located at Unit 3, The Courtyard, Roman Way, Coleshill, Birmingham, B46 1HQ.

In conclusion, MM PACKAGING UK LIMITED is a reputable packaging company that prioritizes sustainability in its operations. With a wide range of eco-friendly packaging solutions and a dedicated team, the company is committed to providing high-quality products and services to its customers.

Financial Metrics

Cash
£2,837,000
Net Worth
£39,628,000
Total Current Assets
£38,315,000
Total Current Liabilities
£8,969,000

Company Location