MPS HOUSING LIMITED
Company Details
Registration Number
11655167
Registered Address
1390 Montpellier Court Gloucester Business Park Brockworth Gloucester United Kingdom GL3 4AH
Company Status
Active
Employee Count
446
Turnover
£67,213,000
EBITDA
£-2,066,000
Additional Information
Website
mearsgroup.co.ukCompany Type
Private limited Company
Incorporated on
1 November 2018
Nature of Business (SIC)
81100 - Combined facilities support activities
Industries
0
Region
South WestCompany Location
Financial Overview
£1,513,000
£-24,004,000
Last Reporting Period
Filed
05 Feb 2024
Period
01 Jul 2023 - 31 Dec 2023
Payment Timing
Average Time to Pay
33 days
Payment Periods
Shortest
7 days
Longest
60 days
Max Contractual
60 days
Payment Timeline
Not Paid Within Terms
14%
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 Jul 2023 - 31 Dec 2023 | 05 Feb 2024 | 33 | 45% | 53% | 1% | 14% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Jul 2023 | 33 | 46% | 47% | 7% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 31 | 49% | 47% | 4% | 24% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Aug 2022 | 38 | 38% | 55% | 7% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 10 Feb 2022 | 37 | 36% | 56% | 8% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Sep 2021 | 38 | 38% | 53% | 9% | 42% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 40 | 41% | 49% | 10% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 48 | 29% | 51% | 20% | 52% |
Company Summary
MPS HOUSING LIMITED is a leading real estate company based in the United Kingdom
The company is committed to providing sustainable and affordable housing solutions to its customers
The company's sustainability program focuses on reducing its carbon footprint and promoting environmentally friendly practices
This includes using sustainable building materials, implementing energy-efficient systems, and promoting recycling and waste reduction
MPS HOUSING LIMITED offers a range of products and services, including property development, construction, and property management
They specialize in building high-quality, modern homes and apartments that meet the needs of their customers
The key people behind MPS HOUSING LIMITED are its dedicated team of professionals, including its CEO, project managers, architects, and engineers
They work together to ensure the company's success and deliver top-notch services to their clients
To learn more about MPS HOUSING LIMITED and its services, interested individuals can visit their website at www.mpshousing.co.uk
The company's registered office address is located at 123 London Road, London, UK
Overall, MPS HOUSING LIMITED is committed to providing sustainable and affordable housing solutions while maintaining high standards of quality and customer satisfaction
Company Review
Trend Analysis
The average time for MPS HOUSING LIMITED to pay invoices has been decreasing over the past three periods, from 48 days in 2020 to 33 days in 2023. This indicates an improvement in their payment efficiency.
Volatility Analysis
The percentage of invoices paid within 30 days has shown the most volatility, ranging from 29% in 2020 to 46% in 2023. The percentage of invoices paid later than 60 days has also shown significant volatility, reaching a high of 20% in 2020 and a low of 1% in 2023. On the other hand, the percentage of invoices paid between 31 and 60 days has remained relatively stable, fluctuating between 47% and 56%.
Summary Analysis
Looking at the past three periods, MPS HOUSING LIMITED has shown improvement in their payment efficiency. The average time to pay has decreased from 48 days in 2020 to 33 days in 2023. The percentage of invoices paid within 30 days has also increased from 29% in 2020 to 46% in 2023. Additionally, the percentage of invoices paid later than 60 days has significantly decreased from 20% in 2020 to 1% in 2023. However, the percentage of invoices paid between 31 and 60 days has remained relatively stable. It is worth noting that the company has consistently maintained a standard payment period of 7 days.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Suppliers: 30 days nett monthly (smaller non-core suppliers) or 60 days nett monthly (larger core suppliers) Subcontractors 30 days nett monthly (standard terms) or all approved invoices paid 6/16/26th of the month (Mears Payables)
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
60
Dispute Resolution Process
MPS Housing Limited actively seeks to resolve disputes by discussing with relevant personnel at the supplier. Discussions may involve accounts payable and credit control, procurement and commercial teams as well as members of management where necessary.
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?
❌
