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.
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.
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.
| 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% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment 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
30
Disputes are resolved by the person or department who ordered the goods/services. General enquiries should be made to the central Accounts Payable team
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
MDH (Group) Limited is registered for the construction of domestic buildings and is linked to the homebuilding business now trading as Elivia Homes, previously known as Vanderbilt and Crayfern. The associated website markets new build homes across the South East of England, including Surrey, Kent, East Sussex, West Sussex and Berkshire, ranging from one to six bedroom properties. Developments are described as design-led and energy-efficient, featuring air source heat pumps, high-performance insulation and EV charging points as standard. The business also offers home-buying incentives such as part exchange, stamp duty contributions and discounted homes schemes. It operates within the property development and construction sector, focused on residential new build projects.
Generated from the company's website and Companies House records. Sources: millwooddesignerhomes.co.uk