MACQUARIE LEASING LIMITED
Company number: 05867292
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 30 October 2019
and approved by Julian Liddy
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days from receipt of a valid invoice. In some circumstances Macquarie may agree to an alternative payment terms with a supplier based on a specific project, transaction, series of transactions or criticality.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
Intercompany charges relating to the provision of back office services are settled immediately via intercompany funding hubs. As such, data relating to these charges has been excluded so as to accurately represent Macquarie’s payment practices.
Dispute resolution process
Suppliers may raise queries directly with their Macquarie business contact or alternatively with the dedicated procurement support team referred to on Macquarie’s Supplier Portal – https://www.macquarie.com/uk/about/company/suppliers
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.
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