MACDERMID AUTOTYPE LIMITED
Company number: 00192795
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
15 August 2024
Approved by:
Joseph James D’Ambrisi
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 24%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 57%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
MacDermid Autotype Limited have, what the firm believes to be, fair and reasonable payment practices and an established standard payment term from date of invoice.
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
120 days
Maximum payment terms is 120 days, however there are certain items supplied to the firm, where the payment is dependent on the delivery of a stock.
Any other information about payment terms
N/A
Dispute resolution process
For dispute resolution, vendors can contact MacDermid Autotype Ltd via email at wantageinvoices@macdermid.com. If their query is not satisfactorily resolved, the escalation process is as follows: first, the AP Supervisor; second, the AP Manager; and finally, the Finance Director.
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.
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