GOV.UK
MACE LIMITED
Company number: 02410626
Reporting period:
1 January 2021
to 30 June 2021
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 July 2021
and approved by Richard Bienfait
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 26%
- in 61 days or more: 10%
Invoices due but not paid within agreed terms: 29 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
30 days are our most frequently used terms, although we have agreed longer terms with some of our suppliers. Some suppliers insist on payment on receipt of invoice and these are processed on the next available payment run.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Our dispute resolution process is published on our website here:
https://www.macegroup.com/people/suppliers
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 – 1) Prompt Payment Code. 2) Construction Supply Chain Payment Charter
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