MNG-MANGO U.K. LIMITED
Company number: 03358140
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
31 July 2020
Approved by:
LIDIA MARTINEZ
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 37%
- in 31 to 60 days: 37%
- in 61 days or more: 26%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 57%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
Standard payment terms differ on the nature
of the payment and the conditions agreed in
each contract. For example, for payments
related with rent contracts, the payment is
usually made inmediately upon reception of
the invoice. There are other contracts
related with services whose payments can
be made between 30 and 60 days.
Were there any changes to the standard payment terms in the reporting period?
Due to COVID pandemic, the company established new standard payment terms.
Were suppliers notified or consulted about these changes before they were made?
They were notified, generally, by email or post-mail.
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
In case of dispute about payments under
qualyfing contracts, the supplier can contact
our Accounts Payable team in order to
clarify and solve it.
A member from the team be in charge of
contacting the supplier and resolving the
dispute.
The invoices should be addressed by email
to ap.invoices@mango.com or by post to
the below address:
MNG-MANGO UK LTD
4th Floor, Imperial House
8 Kean Street
London WC2B 4AS
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.
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