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MACDONALD HUMFREY (AUTOMATION) LIMITED

Company number: 02263923

Reporting period:
1 January 2018 to 30 June 2018

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

This report was filed on 31 July 2018

and approved by Mick MacDonald

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

• within 30 days: 17%
• in 31 to 60 days: 60%
• in 61 days or more: 23%

Invoices due but not paid within agreed terms: 2 %

Payment terms

Shortest standard payment period

60 days

Longest standard payment period

89 days

Standard payment terms

Unless otherwise agreed in writing by the Purchaser, the Supplier shall render a separate invoice in respect of each consignment delivered under the Order. If the Goods and Services are accepted by the Purchaser,
payment shall be due 60 days after receipt of the same or the correct invoice thereof, which ever is the later.

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

No

Maximum contractual payment period agreed

89 days

Sole traders - 14 days
Small companies - 30 days
Large companies (complex contracts) - 60 Days end of month.

Any other information about payment terms

N/A

Dispute resolution process

Contact is made with the supplier typically by phone.

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.

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