THE MANCHESTER SHIP CANAL COMPANY LIMITED
Company number: 07438096
Reporting period:
1 October 2022
to 31 March 2023
This report was filed on 2 May 2023
and approved by Ian McLaren
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 69%
- in 31 to 60 days: 14%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
The standard payment terms for The Manchester Ship Canal Company Limited are 60 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
We aim to resolve any disputes with our suppliers in a fair and efficient manner that is agreeable to both parties. This process is handled initially by our accounts payable team, before being escalated as necessary in order to resolve the issue.
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.
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