Published reports

MAINTEL EUROPE LIMITED

Company number: 02665837

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

Reporting period:

1 January 2022 to 30 June 2022

Report filed on:

25 July 2022

Approved by:

Ioan Macrae

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

  • within 30 days: 41%
  • in 31 to 60 days: 51%
  • in 61 days or more: 8%

Late and disputed:

  • total value of payments due in the reporting period which have not been paid within the agreed period: £0
  • payments due in the reporting period which have not been paid within the agreed period: 63%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

Standard terms that we offer to suppliers are 60 days from date of invoice, however we use a range of vendors with differing terms across a variety of qualifying contracts, the average is 40 days.

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

No

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

n/a

Any other information about payment terms

n/a

Dispute resolution process

Usually a request for credit will be made in writing giving as many details as possible and then work with supplier until resolved

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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

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