MUSE PLACES LIMITED
Company number: 02717800
Reporting period:
1 January 2023
to 30 June 2023
This report was filed on 26 July 2023
and approved by Rosalind Futter
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 14%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 20 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
75 days
Standard payment terms
Muse Developments Limited has standard payment terms of 30 Days for Purchase Ledger supplies, and 14 days for Contractors.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
Invoice queries for Muse Developments Limited should be addressed to the buyer who placed the individual purchase as the first point of contact. In the event that this should not yield a solution please request the issue to be escalated to the finance department.
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.Yes – Prompt Payment Code
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