MJL CONTRACTORS LIMITED
Company number: 05689614
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
28 October 2025
Approved by:
Nicholas Jose
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 54%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
MJL has varying agreements and each depends upon the supplier and / or agreements for cleared invoices, starting at 7 days for some agencies to 60 days from the first of the following month. The latter means an invoice raised on the 1st of the month could not be paid until 89 days later but still within agreed terms.
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
89 days
60 days from the first of the month following invoice .
Any other information about payment terms
No further comment provided
Dispute resolution process
Queries are raised with a supplier , at most 5 days from the current month end after internal checking against Purchase orders and agreed price list delivery notes etc. These issues, differences etc. are then resolved through communication with the supplier and once cleared the invoice is released for payment on the next scheduled 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