GOV.UK
MARLOW FOODS LIMITED
Company number: 01752242
Reporting period:
1 January 2019
to 30 June 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 July 2019
and approved by James Harvey
Payment statistics
Average time taken to pay invoices: 62 days
Invoices paid:
- within 30 days: 12%
- in 31 to 60 days: 37%
- in 61 days or more: 51%
Invoices due but not paid within agreed terms: 14 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
Standard payment terms are 60 days end of month. The maximum length is per our standard terms. There are no changes to our standard payment terms in the period to report.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
The maximum payment terms are 60 days end of month.
Any other information about payment terms
N/A
Dispute resolution process
We have a specific dispute resolution clause contained within each contract. The general principle of this clause is that we always try to resolve matters outside of the court, between the two parties informally.
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