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Company number: 01218121

Reporting period:
1 July 2019 to 31 December 2019

Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 28 January 2020

and approved by Ian Sharrocks

Payment statistics

Average time taken to pay invoices: 40 days

Invoices paid:

Invoices due but not paid within agreed terms: 51 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

MP Moran have various supplier payment terms ranging from a 7 day account to a 60 day account. This also includes various settlement discount for paying in agreed times. The most common payment terms are a 30 day end of following month account.

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


Maximum contractual payment period agreed

60 days

Any other information about payment terms


Dispute resolution process

We follow a flow chart for approving invoices and this shows us what to do when a query occurs. A query can either be an internal one in which we will resolve ourselves in speaking to the correct department, and an external one where we are waiting on documents from the supplier i.e. a proof of delivery or credit note. We will contact the supplier before the invoice falls due, make them aware of why the invoice is on hold, and request what is needed in order to make payment. We do not pass any invoice that does not match our PO.

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.


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.


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.


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?


During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?