GOV.UK
MULBERRY COMPANY (DESIGN) LIMITED
Company number: 01954945
Reporting period:
1 April 2022
to 30 September 2022
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 4 November 2022
and approved by Charles Anderson
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 58%
- in 31 to 60 days: 37%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 39 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
90 days
Standard payment terms
60 days end of month, although some payment terms vary across our supply base up to a maximum of 90 days. We always seek to pay invoices on time in accordance with agreed terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Communicate with suppliers as soon as possible in the event of an issue which would prevent or delay payment, such as quality disputes or authorisation delays.
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