GOV.UK
HORIBA MIRA LIMITED
Company number: 09626352
Reporting period:
1 January 2018
to 30 June 2018
Warning
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 Tim Nathan
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 32%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 21 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Some vendors are set to immediate payment. Standard terms tend to be end of following month from invoice date.
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
Initial contact with AP Department who will refer supplier to the purchaser in order to resolve. Once invoice is approved for payment, then system will automatically make payment on next payment run
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