MONSTER ENERGY EUROPE LIMITED
Company number: 06394100
Reporting period:
1 January 2023 to 30 June 2023
Report filed on:
18 July 2023
Approved by:
NEIL SHIRLEY
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 14%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Monster Energy Europe Ltd has standard payment terms of within 30 days from date of invoice. There may be exceptions where contractually we have agreed a shorter payment term and these will apply on an individual basis as agreed. Our payment terms vary between 0 to 60 days, with majority of suppliers being on 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
If you have a dispute regarding Payment from Monster Energy, Please contact EMEA.APDepartment@Monsterenergy.com; We will aim to resolve your dispute within 3 working days. If the dispute has not been resolved satisfactorily you may escalate to the AP Supervisor directly:
rineigh.oneill@monsterenergy.com
priya.sarda@monsterenergy.com
Or in writing to:
F.A.O Accounts Payable
Monster Energy Europe Limited
Monster House
7 Cowley Business Park
Uxbridge
UB8 2AD
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 Fair 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.
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