MONTRACON LIMITED
Company number: 00754248
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 10 June 2019
and approved by Mark Kidney
Payment statistics
Average time taken to pay invoices: 66 days
Invoices paid:
- within 30 days: 7%
- in 31 to 60 days: 35%
- in 61 days or more: 58%
Invoices due but not paid within agreed terms: 67 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
Our most frequently used terms are 60 days from the end of the month of the invoice. We also use 30 days EOM and 7 or 14 days from the date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
85 days
Any other information about payment terms
N/A
Dispute resolution process
Montracon has a dedicated Purchase Ledger team available to answer queries by phone or email, Monday to Friday, 8.30am to 5pm. Disputes will be passed to the relevant department for query and resolved as soon as possible thereafter.
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