MOTABILITY OPERATIONS GROUP PLC
Company number: 06541091
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
30 October 2019
Approved by:
Matthew Hamiliton-James
Payment statistics
Average time taken to pay invoices: 5 days
Invoices paid:
- within 30 days: 99%
- in 31 to 60 days: 1%
- in 61 days or more: 0%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
3 days
Longest standard payment period
30 days
Standard payment terms
It is the Company's policy to pay supplier invoices within the supplier terms and to abide by those terms based on the timely submission of satisfactory invoices. Payment runs are daily and all available invoices for payment will be paid on that day, as long as a valid invoice and banking details are available.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We seek to resolve queries quickly to ensure prompt payment. In the event of an unpaid invoice, the Accounts Payable team will look to resolve and pay the outstanding invoice as quickly as possible, escalating the matter to relevant senior managers as appropriate.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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