GOV.UK
CIVIL AND MARINE LIMITED
Company number: 02301423
Reporting period:
1 July 2022
to 31 December 2022
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 27 January 2023
and approved by Alfredo Quilez Somolinos
Payment statistics
Average time taken to pay invoices: 76 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 8%
- in 61 days or more: 72%
Invoices due but not paid within agreed terms: 78 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
60 days end of month of invoice.
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
The Company has only one standard payment term: 60 days end of month.
Dispute resolution process
Any issue with disputed amounts or payment queries may be raised with Accounts Payable or the contract owner in the business. The matter would be investigated internally between the relevant teams and dealt with in a manner appropriate to the particular issue and supplier, with the aim of reaching a timely and mutually acceptable resolution.
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.
Yes
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