MAINETTI (UK) LIMITED

Company number: SC170666

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 30 July 2020

and approved by James Hutchison

Payment statistics

Average time taken to pay invoices: 61 days

Invoices paid:

• within 30 days: 22%
• in 31 to 60 days: 24%
• in 61 days or more: 54%

Invoices due but not paid within agreed terms: 64%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

120 days

Standard payment terms

Standard payment terms are an agreed number of days from receipt of goods or services.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

120 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Suppliers should contact the person ordering the goods/services in the first instance, if the dispute cannot be resolved the matter should be escalated to the head of that department and then if still unresolved onto the director who has responsibility for that area of the business.

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, 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