BETA This is a new service – your feedback will help us to improve it.

MARKS & CLERK LLP

Company number: OC343273

Reporting period:
1 August 2019 to 31 January 2020

---

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

This report was filed on 26 February 2020

and approved by Mark Kenrick

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 75%
• in 31 to 60 days: 17%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 23 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

735 days

Standard payment terms

30 days

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

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

In the first instance any dispute/complaint would be dealt with by the AP team . If the AP team are unable to resolve the issue then it would be escalated to the Group Financial Controller and if necessary beyond that it would be referred to the Head of Finance and Finance Partner.

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.

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