A.J. MORRISROE & SONS LIMITED
Company number: 01300615
1 November 2019
to 30 April 2020
This report was filed on 1 June 2020
and approved by Gerard Marapao
Average time taken to pay invoices: 33 days
- within 30 days: 46%
- in 31 to 60 days: 49%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 5 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard terms are 15 days from the end of the following calender month from the invoice date.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Where invoices are held, suppliers are notified of the circumstances by e-mail. They can be held only for specific reasons eg prices queries or missing delivery notes. Subject to resolution these are paid on the next available payment run. Where disputes are unresolved it will be escalated to the Procurement Manager or Finance Director for mediation and a final decision.
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.
Yes – Prompt payment code
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?