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MORGAN SINDALL CONSTRUCTION & INFRASTRUCTURE LTD

Company number: 04273754

Reporting period:
1 January 2019 to 30 June 2019

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

This report was filed on 12 July 2019

and approved by Joe Ledwidge

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 46%
• in 31 to 60 days: 39%
• in 61 days or more: 15%

Invoices due but not paid within agreed terms: 19 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Morgan Sindall operates shorter payment terms in certain circumstances, including where we have specific payment commitments on frameworks with key

Were there any changes to the standard payment terms in the reporting period?

Yes – The maximum contractual payment period was 75 days. However payment terms have been changed in the reporting period so that no supply is undertaken on terms of no more than 60 days. It is expected that maximum terms for the next reporting period will be 60 days.

Were suppliers notified or consulted about these changes before they were made?

No

Maximum contractual payment period agreed

75 days

Morgan Sindall is aiming to pay all of it suppliers within 60 days as demonstrated by the change in terms in the current reporting period. Morgan Sindall continues to work on more favourable payment structures with its supply chain partners, and will continue to improve on its average days to pay performance. The challenge will be going forward to continue to improve on our paid to terms performance. This is due to the shorter turnaround times available to deal with and resolve invoice queries, and secure credit notes which relate to over billing. Morgan Sindall is keen to continue to collaborate with its supply chain partners in order to make its overall payment process as efficient as possible.

Any other information about payment terms

N/A

Dispute resolution process

Invoice queries should be addressed to the buyer who placed the individual order as the first point of contact, and the contact details are clearly stated on the Purchase order. In the event that this should not yield a solution please request the issue to be escalated to the Director of Procurement.

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.

Yes – Prompt Payment Code

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.

Yes

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