GOV.UK
MOTO HOSPITALITY LIMITED
Company number: 00734299
Reporting period:
30 December 2021
to 29 June 2022
This report was filed on 25 July 2022
and approved by Claire Catlin
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 63%
- in 31 to 60 days: 30%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 31 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Our standard payment terms are for
invoices to be paid on the first payment run
which occurs after 30 days from the date of
invoice. Moto's payment runs fall after the
end of each of its financial periods which
are either 4 or 5 weekly periods. We
negotiate separate payment terms
individually with suppliers of goods and
services depending on volume and value of
transactions.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
58 days
Any other information about payment terms
N/A
Dispute resolution process
The business has ongoing communication
with suppliers through trading and finance
teams. Payment disputes are directed to the
finance department for resolution in the first
instance and will be escalated to the
relevant contract owner in our contractual
teams where there is a contractual query.
Dispute resolution process will accord with
specific contractual provisions where
applicable.
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