MAINETTI (UK) LIMITED

PaymentCheck Score 2020
32Poor
New Entry
#4795 in UK
#275 in Supply Chain
#252 in Scotland

Company Information

Company Number
SC170666
Registered Address
Annfield Estate, Oxnam Road, Jedburgh, TD8 6NN
Status
Active
Employee Count
146
Turnover
£19,772,000
EBITDA
-£839,000

Additional Details

Company Type
Private limited Company
Incorporated On
16 December 1996
Nature of Business
20160 - Manufacture of plastics in primary forms
22290 - Manufacture of other plastic products
Industries
Supply Chain,Manufacturing And Commerce Models
Region
Scotland

Time to Pay

Average Time to Pay
61 days
Shortest Period:30 days
Longest Period:120 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
22%
31-60 Days
24%
After 60 Days
54%
Not Paid Within Terms64%

Payment Features

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

Performance Reports History

Reporting Period Filed: 2020-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202030 Jul 20206122%24%54%64%
01 Jul 2019 - 31 Dec 201929 Jan 20205415%47%38%49%
01 Jan 2019 - 30 Jun 201929 Jul 20195123%38%39%51%
01 Jul 2018 - 31 Dec 201829 Jan 20193939%41%20%33%
01 Jan 2018 - 30 Jun 201825 Jul 20184036%48%16%29%

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 an agreed number of days from receipt of goods or services.

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

120

Dispute Resolution Process

Suppliers should contact the person ordering the goods/services in the first instance, if the dispute cannot be resolved the matter should be escalated to the head of that department and then if still unresolved onto the director who has responsibility for that area of the business.

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

MAINETTI (UK) LIMITED is a leading provider of sustainable packaging and supply chain solutions. The company is committed to reducing its environmental impact and promoting sustainability through its products and operations.

The main activities of MAINETTI (UK) LIMITED include the design, manufacture and distribution of packaging and branding solutions for various industries such as retail, fashion, and e-commerce. They also offer supply chain services such as inventory management, logistics, and sourcing.

The company's sustainability program is focused on three key areas: reducing waste, conserving resources, and promoting ethical and responsible practices. They use eco-friendly materials in their packaging products and have implemented recycling initiatives in their operations. Additionally, they work closely with their suppliers to ensure ethical and sustainable sourcing of materials.

MAINETTI (UK) LIMITED is led by a team of experienced professionals, including the Managing Director, Mr. Stuart Mainetti. They are committed to driving the company's sustainability efforts and ensuring the highest quality of products and services.

Customers can contact MAINETTI (UK) LIMITED through their website, which also provides information on their products and services. The company's registered office address is located in Walsall, West Midlands, and their website address is www.mainetti.com/uk.

Financial Metrics

Cash
£1,718,719
Net Worth
£2,334,903
Total Current Assets
£12,585,191
Total Current Liabilities
£15,842,906

Company Location