MENZIES DISTRIBUTION SOLUTIONS LIMITED
Company number: 03805401
Reporting period:
28 December 2024 to 29 June 2025
Report filed on:
31 July 2025
Approved by:
Tracey Eckersley
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 40%
- in 61 days or more: 15%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 48%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Menzies Distribution Solutions standard payment terms are 60 days from date of invoice. The exception is business critical accounts such as fuel which is important due to being in the transport & distribution sector.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
We currently have an APA software in which helps accounts to resolve any invoice disputes. If we receive an invoice without a PO number then the supplier will receive a rejected email requesting that they contact the buyer for a PO and re-submit the invoice to invoices@mdgrp.com. If there is an issue with the actual PO then our automated system will send an email to the buyer and request they receipt/approve/amend the PO or advise of a new one if the PO has been used. The AP team also chase on a day to day basis to resolve any PO issues.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No