MARLOW FOODS LIMITED

Company number: 01752242

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 25 January 2019

and approved by James Harvey

Payment statistics

Average time taken to pay invoices: 61 days

Invoices paid:

• within 30 days: 11%
• in 31 to 60 days: 36%
• in 61 days or more: 53%

Invoices due but not paid within agreed terms: 31%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms are 60 days end of month. The maximum length is per our standard terms. There are no changes to our standard payment terms in the period to report.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

The maximum payment terms are 60 days end of month.

Any other information about payment terms

The previous Invoices due but not paid within the agreed terms was misstated as 16% and should have been 39%. This was due to an error on which data should have been included in the analysis.

Dispute resolution process

We have a specific dispute resolution clause contained within each contract. The general principle of this clause is that we always try to resolve matters outside of the court, between the two parties informally.

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 Prompt 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