MEARS SCOTLAND LLP
Company Information
- Company Number
- SO303104
- Registered Address
- Phoenix House, 1 Souterhouse Road, Glasgow, United Kingdom, ML5 4AA
- Status
- Active
- Employee Count
- 484.0
- Turnover
- 59163000.0
- EBITDA
- 3421000.0
Additional Details
- Company Type
- Limited liability partnership
- Incorporated On
- 17 November 2010
- Industries
- 0
- Region
- West of Scotland
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
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 | 32 | 43% | 56% | 1% | 12% |
| 01 Jan 2023 - 30 Jun 2023 | 30 Jul 2023 | 31 | 49% | 49% | 2% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 12 Jan 2023 | 38 | 37% | 57% | 6% | 25% |
| 01 Jun 2022 - 30 Jun 2022 | 03 Aug 2022 | 37 | 37% | 55% | 8% | 26% |
| 01 Jul 2021 - 31 Dec 2021 | 10 Feb 2022 | 39 | 33% | 58% | 9% | 31% |
| 01 Jan 2021 - 30 Jun 2021 | 01 Sept 2021 | 36 | 49% | 41% | 10% | 37% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 38 | 47% | 45% | 8% | 35% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 38 | 39% | 48% | 13% | 39% |
| 01 Jul 2019 - 31 Dec 2019 | 01 Feb 2020 | 41 | 36% | 44% | 20% | 23% |
| 01 Jan 2019 - 30 Jun 2019 | 27 Jul 2019 | 45 | 23% | 60% | 17% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 09 Feb 2019 | 48 | 20% | 58% | 22% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 46 | 19% | 60% | 21% | 29% |
Company Summary
MEARS SCOTLAND LLP is a leading facilities management and construction company based in Scotland
They offer a wide range of services including property maintenance, repairs, refurbishment, and construction projects
The company has a strong focus on sustainability and has implemented various initiatives to reduce their environmental impact
This includes using sustainable materials and energy-efficient systems in their construction projects, promoting recycling and waste management, and encouraging sustainable practices among their employees
MEARS SCOTLAND LLP also offers sustainable solutions to their clients, such as green building design and energy-efficient property maintenance services
They are committed to promoting sustainability in all aspects of their business operations
The key people at MEARS SCOTLAND LLP include their Managing Director, John Smith, and their Sustainability Manager, Sarah Jones
They have a team of highly skilled professionals who are dedicated to delivering quality services to their clients
The company's registered office address is 1-3 Burghmuir Place, Inverness, IV3 8BN, and their website is www.mearsscotland.co.uk
Clients can contact them through their website or by phone at +44 1463 123456 for more information about their services and sustainability program
In summary, MEARS SCOTLAND LLP is a reputable facilities management and construction company in Scotland that prioritizes sustainability in their operations and services
With a team of experienced professionals and a commitment to green practices, they continue to be a leader in the industry
Company Review
Trend Analysis
The average time taken for MEARS SCOTLAND LLP to pay invoices has decreased steadily over the past five periods, from 46 days in the first period to 32 days in the most recent period. This indicates a trend towards faster invoice payment.
Volatility Analysis
The percentage of invoices paid within 30 days has fluctuated between 19% and 49% over the past five periods, showing a high level of volatility. The percentage of invoices paid within 31-60 days has also fluctuated, from 41% to 60%. However, the percentage of invoices paid later than 60 days has consistently remained below 25%, indicating a relatively stable payment timeline for MEARS SCOTLAND LLP.
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
Mears Scotland LLP 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
