MAKO GLOBAL DERIVATIVES PARTNERSHIP LLP
Company number: OC306610
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
30 January 2020
Approved by:
Anna Mortlock
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 93%
- in 31 to 60 days: 3%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
31 days
Standard payment terms
Our standard payment terms vary according to the nature of the goods or services that we require but, in general, our standard payment terms for suppliers are 30 days from the date of receipt of a non-disputed invoice. There is one notable exception, which is in relation to agency or recruitment suppliers where our standard terms are 14 days from the commencement date of the candidate’s engagement.
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
45 days
NA
Any other information about payment terms
NA
Dispute resolution process
If at any time any question, dispute or difference arises between Mako and a vendor, such question, dispute or difference should be raised by the vendor to its Mako contact managing their relationship, who may escalate if necessary. Formal dispute processes are detailed in contracts with vendors.
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.
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