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MARSH WALL LIMITED

Company number: 06319869

Reporting period:
1 July 2022 to 31 December 2022

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

This report was filed on 17 January 2023

and approved by Deborah Lowles

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 85%
• in 31 to 60 days: 12%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 3 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

60 days

Standard payment terms

30 days following date of invoice.
We operate weekly BACs runs which identifies and includes any passed invoice which meets that payment term criteria

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

No

Maximum contractual payment period agreed

60 days

OEM accounts (except vehicles) are paid by DD at the month end following the month of supply so could be up to 60 days by agreement

Any other information about payment terms

N/A

Dispute resolution process

We have a centralised group accounts function. If a dispute is referred by contacting a Head of Business for the branch concerned and Group accounts cannot resolve it, it is referred to a Director.

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