MARLEY LIMITED

Company number: 11519291

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 19 August 2020

and approved by Paul Reed

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

• within 30 days: 70%
• in 31 to 60 days: 22%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 17%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

96 days

Standard payment terms

End of month following month of invoice plus 5 days. A maximum therefore of 66 days.

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

96 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Any complaints, concerns or disputes regarding payments should be directed to Accounts Payable. Accounts Payable will actively seek to resolve disputes through discussion with the supplier on a timely basis. If Accounts Payable have a query or dispute on an invoice, they will contact the supplier immediately. In the event that a response is not forthcoming, the dispute can be escalated to the relevant department raising the purchase order. Where it is not possible to reach an agreement, the dispute may be escalated to the Purchasing Department.

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.

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