CIVIL AND MARINE LIMITED

Company number: 02301423

Reporting period:
1 July 2023 to 31 December 2023

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This report was filed on 26 January 2024

and approved by Alfredo Quilez Somolinos

Payment statistics

Average time taken to pay invoices: 61 days

Invoices paid:

• within 30 days: 24%
• in 31 to 60 days: 9%
• in 61 days or more: 67%

Invoices due but not paid within agreed terms: 73%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

60 days end of month of invoice.

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

100 days

No further comment provided

Any other information about payment terms

The Company has only one standard payment term: 60 days end of month.

Dispute resolution process

Any issue with disputed amounts or payment queries may be raised with Accounts Payable or the contract owner in the business. The matter would be investigated internally between the relevant teams and dealt with in a manner appropriate to the particular issue and supplier, with the aim of reaching a timely and mutually acceptable resolution.

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.

Yes

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