MARSTON'S PLC
Company number: 00031461
Reporting period:
3 October 2021
to 2 April 2022
This report was filed on 28 July 2022
and approved by Rob Leach
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 68%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
60 days
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
Supplier enquiries regarding payments can be directed to the accounts payable team by email or telephone. We are committed to treating all of our suppliers in a fair and reasonable manner and therefore seek to resolve any disputes and make the payment as soon as a resolution has been achieved. Disputes are handled by the relevant employee within Marston's responsible for the purchase/order in accordance with any specific agreements that may be in place. If a dispute cannot be resolved it will be escalated to more senior management for consideration.
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