MORTON FRASER MACROBERTS LLP
Company number: SO300472
Reporting period:
1 May 2025 to 31 October 2025
Report filed on:
26 November 2025
Approved by:
Pamela Ogg
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: £20,148,570 (85%)
- in 31 to 60 days: £2,292,298 (10%)
- in 61 days or more: £1,160,377 (5%)
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 42%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £2,043,965
- payments due in the reporting period which have not been paid within the agreed period: 10%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
The standard payment term is 30 days, although supplier terms may range from “on demand” to 30 days. All trade invoices require approval in accordance with MFMac’s Authorisation Matrix. Once authorised, invoices are scheduled for payment on the next bi-weekly payment run that falls closest to the due date.
Consistent with standard practice across the legal sector, payments to suppliers for client-related disbursements are made only after the corresponding funds have been received from the client, unless alternative arrangements have been agreed with the supplier
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
1. Identification of the Dispute, initial review. AP investigates to establish the type of dispute, clerical, factual etc.. If the dispute can be resolved by the AP team (data process error) escalation is not required. If the dispute cannot be resolved by AP, it is then escalated. The dispute will then be escalated to the responsible person in the business.
2. Communication. AP communicates with the responsible person within the business to establish the issue with the invoice. Dependent on dispute, either the responsible contact or the AP team liaise with supplier to discuss issue and resolution plan.
3. Resolution. Once the issue is resolved Ap will move to pay invoice.
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