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MIZUHO INTERNATIONAL PLC

Company number: 01203696

Reporting period:
1 October 2022 to 31 March 2023


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

This report was filed on 20 April 2023

and approved by Rob Tallentire

Payment statistics

Average time taken to pay invoices: 12 days

Invoices paid:

  • within 30 days: 94%
  • in 31 to 60 days: 5%
  • in 61 days or more: 1%

Invoices due but not paid within agreed terms: 25%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms 30 days (most frequently used payment terms)

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

30 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Invoice dispute process Invoices must be made out with the correct Company name and address and sent to the Accounts Payable department. The Accounts Payable department can be contacted via email or telephone on weekdays. Invoice queries are sent to the relevant person or Department within the business via email or telephone, whether price or quantity queries, and liaison with the Supplier at the earliest opportunity is made for resolution which may lead to invoice cancellation via credit note and/or reissue with the correct details. Supplier Statement reconciliations are performed on a regular basis ensuring all invoices have been received and any outstanding invoices are chased on a regular basis.

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.

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