GOV.UK
MORSON HUMAN RESOURCES LIMITED
Company number: 02714555
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 31 January 2019
and approved by Paul Gilmour
Payment statistics
Average time taken to pay invoices: 6 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 5%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 1 %
Payment terms
Shortest standard payment period
4 days
Longest standard payment period
45 days
Standard payment terms
Payments to contractors are the most significant supplier payment type by volume and these are generally paid in 4 days on receipt of correctly approved timesheet or invoice. For other transactions we agree appropriate terms of payment with suppliers and on timely receipt of satisfactory invoices payments are made to terms. Typical terms are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Morson has a dedicated Contractor Care Team to whom complaints regarding payment can be made. Responses are regularly monitored by the team manager and the response times are subject to SLA's. If there are any complaints that cannot be satisfactorily answered by the team manager these are escalated to the Financial Operations Manager for resolution.
Other supplier disputes are managed via our Purchase Ledger Department who interface with our suppliers and the wider Morson business. In the rare occasions where resolution is not possible matters can be escalated to Senior Management within Morson.
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
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