MICK GEORGE LIMITED

Company number: 02417831

Reporting period:
1 April 2024 to 30 September 2024

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This report was filed on 22 October 2024

and approved by Jonathan Stump

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 26%
• in 31 to 60 days: 48%
• in 61 days or more: 26%

Invoices due but not paid within agreed terms: 57%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

Answer not provided

Standard payment terms

Mick George offer a variety of payment terms to their suppliers depending on individual requirements. These terms are agreed at the point of engagement with a new supplier and may be reviewed periodically once trading relationships have been established.

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

120 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Disputes are recorded via the accounts payable team or directly with procurement. The dispute will be logged electronically on the accounts system until a resolution is agreed either directly with the supplier or internally in the relevant 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.

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