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MARTIN-BROWER UK LTD

Company number: 01601427

Reporting period:
1 July 2019 to 31 December 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 27 January 2020

and approved by Mark Horgan

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 57%
• in 31 to 60 days: 41%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 16 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

The standard payment terms are 30 or 46 days depending upon type of supply. Terms may vary by individual negotiation.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Suppliers are required to quote a valid purchase order number on their invoices which are matched to the Goods Received account. If there is a discrepancy upon matching the Accounts Payable team advises the supplier and requests a credit note or revised invoice. If the query remains unresolved, the matter is escalated through the Supply, Quality and Operational teams as appropriate. The company seeks to resolve queries promptly and professionally.

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