Company number: SC191805
and approved by Mr Y Sumida
Average time taken to pay invoices: 46 days
Invoices paid:
Invoices due but not paid within agreed terms: 1%
3 days
180 days
The company operates a standard payment term of End of Month following month of invoice, meaning the standard payment term could be up to 60 days. Invoices for foreign purchases typically have payment terms in excess of 60 days.
Answer not provided
N/A
180 days
Payment statistics are calculated on invoice receipt date
N/A
In the first instance, suppliers are encouraged to submit queries to a central mailbox held by Mitsubishi finance team finance@m-ace.mee.com. Our aim is to review these queries on a daily basis and resolve the issue as soon as is practically possible. The Accounts Payable team will escalate to Finance Manager any disputes they are unable to resolve. We also have an automated switchboard which allows suppliers to speak directly with a member of the finance staff.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No