MOTO HOSPITALITY LIMITED

Company number: 00734299

Reporting period:
29 December 2022 to 28 June 2023

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This report was filed on 26 July 2023

and approved by Nick Tatum

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 64%
• in 31 to 60 days: 33%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 38%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Our standard payment terms are for invoices to be paid on the first payment run which occurs after 30 days from the date of invoice. Moto have weekly payment runs. We negotiate separate payment terms individually with suppliers of goods and services depending on volume and value of transactions.

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

58 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

The business has ongoing communication with suppliers through trading and finance teams. Payment disputes are directed to the finance department for resolution in the first instance and will be escalated to the relevant contract owner in our contractual teams where there is a contractual query. Dispute resolution process will accord with specific contractual provisions where applicable.

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