MCLEAN RESTAURANTS LIMITED
Company number: 04331680
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 31 July 2018
and approved by Sarah McLean
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 92%
- in 31 to 60 days: 7%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 8 %
Payment terms
Shortest standard payment period
2 days
Longest standard payment period
30 days
Standard payment terms
small suppliers i.e window cleaners and newspapers suppliers etc get paid within a week of receiving invoices, otherwise the majority of companies get paid within 30 days unless the invoice is being queried
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
one company gives us 60 days to pay
Any other information about payment terms
N/A
Dispute resolution process
If we have a query with a invoice we will contact the supplier and work with them to resolve the issue and then pay the invoice. If somebody has an issue with one of our invoices we investigate and resolve as soon as we can
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.
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