Published reports

MOORTOWN GROUP LIMITED

Company number: 08116345

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 June 2019 to 31 May 2020

Report filed on:

4 November 2020

Approved by:

Graham Hunt

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

  • within 30 days: 10%
  • in 31 to 60 days: 89%
  • in 61 days or more: 1%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 1%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

30 to 60 days from end of month of the invoice date.

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

No

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

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

No further comment provided

Dispute resolution process

Moortown seeks to avoid disputes by discussion with the supplier.If any dispute cannot be resolved by the staff involved the dispute would be escalated to senior management to negotiate a settlement.If the matter can still not be resolved we would seek to use an ADR such as mediation or expert detemination.Adjudication or legal proceedings may be used as a last resort.

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