GOV.UK
MWH TREATMENT LIMITED
Company number: 01535477
Reporting period:
1 January 2022
to 30 June 2022
This report was filed on 29 July 2022
and approved by Paul Bresnan
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 57%
- in 31 to 60 days: 36%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 17 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
MWH Treatment Limited does not have standard payment terms, they range from immediate to 60 days. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period were 60 days.
Payment runs are typically on a weekly basis by BACS.
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
Due to accounting period processing practices a significant proportion of the 17% of invoices paid out of terms are settled within 3 days of due date.
During the reporting period, MWH Treatment have continued to encounter an increased delay in invoice query resolution due to COVID which has directly impacted on the reported numbers.
Dispute resolution process
MWH Treatment actively seeks to resolve disputes, typically involving members of the accounts payable along with the procurement and commercial teams and where necessary members of the relevant management team. Where it is not possible to reach agreement, a number of potential dispute resolution methods (for example, mediation, adjudication, expert determination, litigation and /or arbitration) may be used.
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