MARSHALLS MONO LIMITED

Company number: 00509579

Reporting period:
1 June 2019 to 31 December 2019

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This report was filed on 24 January 2020

and approved by Jack Clarke

Payment statistics

Average time taken to pay invoices: 44 days

Invoices paid:

• within 30 days: 30%
• in 31 to 60 days: 58%
• in 61 days or more: 12%

Invoices due but not paid within agreed terms: 19%

Payment terms

Shortest standard payment periods

38 days

Longest standard payment period

Answer not provided

Standard payment terms

The Company shall pay correctly submitted invoices within 38 days of the end of the month in which the relevant invoice was dated. Time for payment shall not be of the essence.

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

Answer not provided

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

N/A

Maximum contractual payment period agreed

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

If invoices do not match to purchase order details then the invoice will be marked as in dispute by the accounts payable team on PIMS (Purchase Invoice Management System) and flagged to the relevant purchase administrator. The originator of the purchase order at site or with some suppliers central procurement, work to resolve the dispute. The accounts payable team will raise credit notes if required in resolving the dispute.

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, 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.

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.

Yes

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