BETA This is a new service – your feedback will help us to improve it.

MCLAUGHLIN & HARVEY LIMITED

Company number: NI027864

Reporting period:
1 January 2018 to 30 June 2018

---

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

This report was filed on 30 July 2018

and approved by David O'Neill

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 50%
• in 31 to 60 days: 48%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 9 %

Payment terms

Standard payment period for qualifying contracts

45 days

Standard payment terms

Subcontract payment terms are agreed as part of contract negotiations. For other suppliers, payment terms are generally 30 days from end of month or 30 days from invoice.

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

No

Maximum contractual payment period agreed

89 days

Any other information about payment terms

N/A

Dispute resolution process

For material orders where any disputes arise regarding quantities delivered these are resolved by the Finance Department who request proof of delivery. Where any disputes regarding invoice rates arise, these are resolved by the Buying Department.
For subcontract orders where any disputes arise, these are resolved by the Commercial/Quantity Surveyor in accordance with the overall building contract and the specific subcontract order.

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.

Yes – Prompt Payment Code

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