GOV.UK
MARMON GROUP LIMITED(THE)
Company number: 01376182
Reporting period:
1 January 2020
to 30 June 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 July 2020
and approved by Gary Phillips
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 41%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 57 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
75 days
Standard payment terms
Standard payment terms are 60days EOM. We have various other payment types depending on the nature of the goods and services contracted.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes over payments are directed to the accounts payable department. Details are taken. Accounts payable will communicate with the supplier regarding how the invoice needs to be resolved, time scales and when to expect payment. Any disputes regarding payment terms are directed to the purchasing manager.
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