MITSUBISHI HC CAPITAL UK PLC
Company number: 01630491
Reporting period:
1 April 2022
to 30 September 2022
This report was filed on 20 October 2022
and approved by Robert Gordon
Payment statistics
Average time taken to pay invoices: 13 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 5%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Mitsubishi HC Capital UK PLC standard payment terms are 30 days from the date of invoice on normal qualifying contracts unless specifically agreed.
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
Invoices are handled by our accounts payable teams. The accounts payable teams will engage the relevant business contact to support resolution of any invoice disputes.
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