MIMECAST SERVICES LIMITED
Company number: 04901524
Reporting period:
1 April 2025 to 30 September 2025
Report filed on:
30 October 2025
Approved by:
David Call
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: 32 days
Total value paid:
- within 30 days: £26,014,270 (95%)
- in 31 to 60 days: £942,496 (3%)
- in 61 days or more: £284,165 (1%)
Invoices paid:
- within 30 days: 86%
- in 31 to 60 days: 6%
- in 61 days or more: 8%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £688,886
- payments due in the reporting period which have not been paid within the agreed period: 4%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
Our most frequently used Standard payment term is 30 days after invoice date. We use various service providers and vendors for the purchase of goods and the payment terms vary from 30 days to 90 days. Payment terms are agreed in service agreements and/or indicated on the invoice.
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
90 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Payment disputes are dealt with in accordance with the terms of the relevant contract. The business contact is responsible for confirming that the goods/services delivered is of the required quality and purchase orders are receipted before payment is actioned. Invoice disputes are addressed with the suppliers directly by the business contact. If the dispute remains unresolved, it will be escalated to the relevant Corporate and Finance department accordingly.
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