Company number: 04229146
and approved by Martin Beattie
Average time taken to pay invoices: 40 days
Invoices paid:
Invoices due but not paid within agreed terms: 0%
30 days
31 days
Our standard payment terms are 30 days net end of month although in some cases payment terms are shorter, where typical payment would be on direct debit, which our banking arrangements prohibit. At Marchwood Power we have one set of standard contracts with one standard for payment terms, irrespective of the type of goods/services/construction being procured and the standard terms which may exist in some of these markets. Our standard payment terms are 30 days net end of month of the invoice date. If a valid invoice is received promptly at the correct address, quoting a valid purchase order it will be included within the relevant payment run. We would only ever knowingly pay outside these terms with the prior consent of the supplier which may be required from time to time for ad hoc reasons e.g. awaiting insurance settlement monies. The correct invoicing address, which is quoted on all purchase orders is; Oceanic Way, Marchwood Industrial Park, Marchwood, SO40 4BD.
Answer not provided
N/A
31 days
No further comment provided
N/A
At Marchwood Power we try to resolve any invoice disputes or queries as quickly as possible. Queries regarding the status of an invoice can be directed to the Accounts Payable Team via the following email address; finance@marchwoodpower.com. We do not offer a web portal service. For specific contractual disputes please contact the individual who initially ordered the goods or services provided. The agreed contractual dispute process will then be followed.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No