MAXI HAULAGE LIMITED

Company Information

Company Number
SC054932
Registered Address
Elliott House, Kilwinning Road, Irvine, KA12 8TG
Status
Active
Employee Count
331
Turnover
£84,029,000
EBITDA
£4,066,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 January 1974
Nature of Business
49410 - Freight transport by road
Industries
Distribution And Delivery
Region
Scotland

Time to Pay

Average Time to Pay
21 days
Shortest Period:1 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
79%
31-60 Days
16%
After 60 Days
5%
Not Paid Within Terms3%

Payment Features

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

Company Review

Trend Analysis

The trend for Maxi Haulage Limited from Oct 2017 to Mar 2019 shows a slight decrease in the average time taken to pay invoices, with a drop from 22 days to 21 days. There has also been an improvement in the percentage of invoices paid within 30 days, increasing from 77% to 79%. However, there has been an increase in the percentage of invoices paid later than 60 days, rising from 2% to 5%.

Volatility Analysis

The volatility in payment times for Maxi Haulage Limited has been relatively stable, with only a one-day change in the average time to pay invoices between the three periods. The percentage of invoices paid within 30 days has also remained consistent, with only a 1% difference between the three periods.

Performance Reports History

Reporting Period Filed: 2019-09-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2018 - 31 Mar 201924 Sept 20192179%16%5%3%
01 Apr 2018 - 30 Sept 201816 Jul 20192080%17%1%2%
01 Oct 2017 - 31 Mar 201826 Apr 20182277%21%2%2%

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 last day of the month following invoice date. Self bill standard payment terms are 14 days following completion of subcontract work done.

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

Invoices should be priced based on approved purchase orders and will be disputed if not in agreement. Payment is only made when dispute resolved.

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

MAXI HAULAGE LIMITED is a transportation and logistics company based in the United Kingdom. The company was founded in 1976 and has since grown to become a leading provider of haulage services in the UK and Europe.

The company offers a wide range of services including road haulage, warehousing, distribution, and supply chain management. They specialize in the transportation of goods such as food and beverages, construction materials, and industrial products.

MAXI HAULAGE LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental impact. These include investing in fuel-efficient vehicles, using alternative fuels, and implementing recycling and waste reduction programs.

The company is led by a team of experienced and dedicated individuals, including Managing Director Michael Burns and Operations Director Andrew Malcolm. They are supported by a team of skilled drivers and staff who ensure the smooth and efficient operation of the company.

MAXI HAULAGE LIMITED can be contacted through their website, which provides information on their services, sustainability efforts, and career opportunities. Their registered office address is located in Dumfries, Scotland.

In summary, MAXI HAULAGE LIMITED is a reputable and sustainable transportation and logistics company that offers a range of services and is led by a dedicated team. Their commitment to sustainability and efficient operation makes them a reliable choice for businesses in need of haulage services.

Financial Metrics

Cash
£2,999,379
Net Worth
£21,338,227
Total Current Assets
£21,270,586
Total Current Liabilities
£6,827,425

Company Location