MOULTON BULB COMPANY LIMITED
Company number: 00793018
Reporting period:
1 September 2023 to 31 March 2024
Report filed on:
30 April 2024
Approved by:
R H Oldershaw
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 32%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 35%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
28 days
Standard payment terms
We aim to pay everyone within 28 days, labour providers and some import invoices are paid on 14 days.
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
28 days
Labour and onions 14 days
Rest 28 days
Any other information about payment terms
No further comment provided
Dispute resolution process
If there is a query with the invoice we dispute this with supplier until it is rectified.
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.
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