MICROLISE LIMITED
Company number: 03037936
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
16 December 2025
Approved by:
Nicholas James Wightman
Payment statistics
Average time taken to pay invoices: 51 days
Total value paid:
- within 30 days: £3,301,205 (15%)
- in 31 to 60 days: £12,035,223 (55%)
- in 61 days or more: £6,483,140 (30%)
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 56%
- in 61 days or more: 24%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £20,014,955
- payments due in the reporting period which have not been paid within the agreed period: 94%
- not made in the reporting period due to a dispute: 12%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms are 60 days EOM. Alternative terms may be agreed on a supplier-by-supplier basis based on the nature of the contract or supplier needs. We aim to ensure, that where possible, invoices are processed accurately and in a timely manner.
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
90 days is the maximum payment period that we use as standard in our contracts.
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes are resolved by negotiation involving the relevant parties. To explicate, any queries identified by our Accounts Payable team will be shared with our internal Procurement team, who in turn will reach out to the supplier to resolve the relevant query.
Only upon a mutually agreed resolution, will the invoice be paid.
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