MIZUHO INTERNATIONAL PLC
Company number: 01203696
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 13 April 2021
and approved by Robert Tallentire
Payment statistics
Average time taken to pay invoices: 12 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 3%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 14 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Standard payment terms are 30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
Invoice dispute process Invoices must be made out with the correct Company name and address and sent to the Accounts Payable department. The Accounts Payable department can be contacted via email or telephone on weekdays. Invoice queries are sent to the relevant person or Department within the business via email or telephone, whether price or quantity queries, and liaison with the Supplier at the earliest opportunity is made for resolution which may lead to invoice cancellation via credit note and/or reissue with the correct details. Supplier Statement reconciliations are performed on a regular basis ensuring all invoices have been received and any outstanding invoices are chased on a regular basis.
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
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.
Yes
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