MARSHALLS MONO LIMITED
Company number: 00509579
Reporting period:
1 July 2022 to
31 December 2022
This report was filed on 26 January 2023
and approved by Justin Lockwood
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 74%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 20%
Payment terms
Shortest standard payment periods
38 days
Longest standard payment period
Answer not provided
Standard payment terms
The Company shall pay correctly submitted invoices within 38 days of the end of the month in which the relevant invoice was dated. Time for payment shall not be of the essence.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
If invoices do not match to purchase order details then the invoice will be marked as in dispute by the accounts payable team on PIMS (Purchase Invoice Management System) and flagged to the relevant purchase administrator. The originator of the purchase order at site or with some suppliers central procurement, work to resolve the dispute. The accounts payable team will raise credit notes if required in resolving the dispute.
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, this business has not signed up to a code of conduct or standards on payment practices.
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