MDH GROUP LIMITED
Company Information
- Company Number
- 09096398
- Registered Address
- Apollo House, Mercury Park Wycombe Lane, Wooburn Green, High Wycombe, England, HP10 0HH
- Status
- Active
- Employee Count
- 57
- Turnover
- £40,728,000
- EBITDA
- £3,564,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 June 2014
- Nature of Business
- 41202 - Construction of domestic buildings
- Industries
- Property, Infrastructure And Construction
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows a consistent trend of the average time taken for MDH (GROUP) LIMITED to pay invoices decreasing over the past three periods. In 2018, the average time to pay was 39 days, which decreased to 31 days in 2021 and has remained at 31 days in 2022. This indicates that the company has been making efforts to pay invoices in a timely manner.
Volatility Analysis
The volatility of MDH (GROUP) LIMITED's invoice payment has been relatively stable over the past three periods. The percentage of invoices paid within 30 days has consistently been the highest, ranging from 39% to 52%. The percentage of invoices paid between 31 and 60 days has also remained relatively consistent, ranging from 45% to 56%. However, there has been some fluctuation in the percentage of invoices paid later than 60 days, with the highest being 8% in 2020 and the lowest being 1% in 2021.
Summary Analysis
In the past three periods, MDH (GROUP) LIMITED has shown an improvement in their invoice payment process. In 2018, the average time to pay was 39 days, which decreased to 31 days in 2021 and has remained at 31 days in 2022. The percentage of invoices paid within 30 days has consistently been the highest, ranging from 39% to 52%. The percentage of invoices paid between 31 and 60 days has also remained relatively consistent, ranging from 45% to 56%. However, there has been some fluctuation in the percentage of invoices paid later than 60 days, with the highest being 8% in 2020 and the lowest being 1% in 2021.
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 | 20 Jul 2022 | 31 | 52% | 45% | 3% | 12% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 31 | 44% | 55% | 1% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 31 | 52% | 46% | 2% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 40 | 47% | 45% | 8% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 40 | 32% | 62% | 6% | 14% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 36 | 41% | 55% | 4% | 20% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Oct 2019 | 37 | 39% | 56% | 5% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 39 | 21% | 74% | 5% | 11% |
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
Standard payment terms are 30 days
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
Dispute Resolution Process
Disputes are resolved by the person or department who ordered the goods/services. General enquiries should be made to the central Accounts Payable team
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
MDH (GROUP) LIMITED is a UK-based company that specializes in the manufacturing and distribution of spices, condiments, and other food products. The company was founded in 1919 and has since grown into a global brand with a presence in over 100 countries.
The company's sustainability program is a key aspect of their operations, with a strong focus on responsible sourcing, environmental conservation, and social responsibility. MDH (GROUP) LIMITED has implemented various initiatives to reduce their carbon footprint, such as using renewable energy sources and promoting sustainable packaging practices.
Their product range includes a wide variety of spices, herbs, and seasonings, all of which are carefully sourced and processed to maintain the highest quality standards. The company also offers a range of ready-to-eat meals and cooking sauces, catering to the diverse tastes and preferences of their customers.
The key people behind MDH (GROUP) LIMITED include their Chairman, Mr. Dharampal Gulati, who has been the driving force behind the company's success for over 60 years. His sons, Mahashay Rajendra and Mahashay Ramesh, also play crucial roles in the company's management and operations.
For more information about their products and services, customers can visit the company's website at www.mdhspices.co.uk. The registered office address for MDH (GROUP) LIMITED is Mahashay Chunnilal Saraswati Marg, Rani Jhansi Road, New Delhi-110006, India.
