MCALEER & RUSHE CONTRACTS UK LIMITED
Company number: 07512356
Reporting period:
1 July 2023
to 31 December 2023
This report was filed on 12 January 2024
and approved by Eamon Higgins
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 64%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 4 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
For other service or material suppliers, payment terms are generally 30 days from the end of the month with some longstanding agreements at 60 days from the end of the month.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
For material orders where any disputes arise regarding quantities delivered these are resolved by the Finance Department who request proof of delivery. Where any disputes regarding invoice rates arise, these are resolved by the Buying Department.
For subcontract orders where any disputes arise, these are resolved by the Commercial/Quantity Surveyor in accordance with the overall building contract and the specific subcontract order.
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.
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