Published reports

MULBERRY COMPANY (DESIGN) LIMITED

Company number: 01954945

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 October 2018 to 31 March 2019

Report filed on:

24 April 2019

Approved by:

NEIL RITCHIE

Payment statistics

Average time taken to pay invoices: 17 days

Invoices paid:

  • within 30 days: 81%
  • in 31 to 60 days: 17%
  • in 61 days or more: 2%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 2%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

60 DAYS END OF MONTH, ALTHOUGH SOME PAYMENT TERMS VARY ACROSS OUR SUPPLY BASE UP TO A MAXIMUM OF 90 DAYS. WE ALWAYS SEEK TO PAY INVOICES ON TIME IN ACCORDANCE WITH AGREED TERMS.

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

COMMUNICATE WITH SUPPLIERS AS SOON AS POSSIBLE IN THE EVENT OF AN ISSUE WHICH WOULD PREVENT OR DELAY PAYMENT, SUCH AS QUALITY DISPUTES OR AUTHORISATION DELAYS.

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