MPS HOUSING LIMITED

Company Information

Company Number
11655167
Registered Address
1390 Montpellier Court Gloucester Business Park, Brockworth, Gloucester, United Kingdom, GL3 4AH
Status
Active
Employee Count
446.0
Turnover
67213000.0
EBITDA
-2066000.0

Additional Details

Company Type
Private limited Company
Incorporated On
1 November 2018
Nature of Business
81100 - Combined facilities support activities
Industries
0
Region
South West

Company Location

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Financial Metrics

Cash
£1,513,000.00
Net Worth
-£24,004,000.00
Total Current Assets
£15,947,000.00
Total Current Liabilities
£13,317,000.00
Reporting Period
2023-07-01 to 2023-12-31Filed: 2024-02-05

Time to Pay

Average Time to Pay
33 days
Shortest Period:7 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
45%
31-60 Days
53%
After 60 Days
1%
Not Paid Within Terms14%

Payment Features

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

Payment Time Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020015304560

Payment Distribution Trends

Dec 2023Jun 2023Dec 2022Jun 2022Dec 2021Jun 2021Dec 2020Jun 2020015304560

Performance Reports History

Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2023 - 31 Dec 202305 Feb 20243345%53%1%14%
01 Jan 2023 - 30 Jun 202330 Jul 20233346%47%7%15%
01 Jul 2022 - 31 Dec 202212 Jan 20233149%47%4%24%
01 Jan 2022 - 30 Jun 202203 Aug 20223838%55%7%30%
01 Jul 2021 - 31 Dec 202110 Feb 20223736%56%8%38%
01 Jan 2021 - 30 Jun 202101 Sept 20213838%53%9%42%
01 Jul 2020 - 31 Dec 202030 Jan 20214041%49%10%41%
01 Jan 2020 - 30 Jun 202031 Jul 20204829%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?

No information available