MOUNTAIN WAREHOUSE LIMITED
Company number: 03417738
1 September 2021
to 28 February 2022
This report was filed on 23 March 2022
and approved by Marcus Ward
Average time taken to pay invoices: 52 days
- within 30 days: 39%
- in 31 to 60 days: 30%
- in 61 days or more: 31%
Invoices due but not paid within agreed terms: 12 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
For non-stock suppliers our standard payments terms are 30 days after the invoice date. For stock suppliers we do not have standard payment terms. These range from payment on receipt of copy docs to 120 days.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Invoice disputes would be initially directed to the Non-Stock and Stock Accounts Payable teams within Finance. They can be contacted via phone or via dedicated email addresses. The initial point of contact is the Accounts Payable Assistant and if required, the escalation points are the Accounts Payable Manager and Head of Financial Operations. The Accounts Payable teams work closely and constructively with our suppliers and key business contacts to ensure any queries or payment disputes are resolved promptly and to a mutually satisfactory conclusion.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?