MAKITA (UK) LIMITED
Company number: 03033057
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
24 October 2025
Approved by:
Seiji Tanizawa
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 33 days
Total value paid:
- within 30 days: £1,057,317 (< 1%)
- in 31 to 60 days: £60,484,376 (49%)
- in 61 days or more: £61,559,120 (50%)
Invoices paid:
- within 30 days: 59%
- in 31 to 60 days: 27%
- in 61 days or more: 14%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 0%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The supplier's standard payment terms are used regularly. These are 30 days for locally provided goods and services and 60 days for imported goods.
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
For some suppliers there are many invoices throughout the month and to prevent payments being made on every day of the month the invoices are bundled for a payment to be made on at least two dates per month spread evenly across the month. This may mean some invoices are paid earlier than the contractual date and some invoices paid later than the contractual date
Any other information about payment terms
No further comment provided
Dispute resolution process
If there is a dispute about an invoice then either our Accounts Payable staff or the contract originator will contact the supplier for an explanation and then if applicable the supplier will raise a credit note or provide another method of resolution so that the invoice can be paid. The most common reason for a delay in payment is when an invoice has not been received by the supplier. Once we know this and have received the invoice it will be paid by being included in the next payment run.
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