MANITOU UK LIMITED
Company number: 01049338
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
27 July 2018
Approved by:
Ben Warwick
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 47%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 30 days from EOM. Therefore 60 days is the max we will pay for standard terms.
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
We use our standard payment terms unless for a specific reason but will pay no more than 90 days
Any other information about payment terms
No further comment provided
Dispute resolution process
We raise the dispute with the supplier as soon as a dispute has been raised by the signing off manager of the invoice. We then look to work with the supplier via the finance department to resolve all disputes as quickly and efficiently as possible.
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