MCCARTHY & STONE RETIREMENT LIFESTYLES LIMITED
Company number: 06622231
Reporting period:
1 May 2024 to 31 October 2024
Report filed on:
29 November 2024
Approved by:
Jo Bennett
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 77%
- in 31 to 60 days: 20%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 13%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are 30 days EOM
Were there any changes to the standard payment terms in the reporting period?
Frame Work agreements were 60 days EOM but this has been changed to mirror our Standard terms
Were suppliers notified or consulted about these changes before they were made?
No
Maximum contractual payment period agreed
60 days
Maximum contract days is 30days End of Month which can go up to the maximum of 60 days.
Any other information about payment terms
No further comment provided
Dispute resolution process
Head office Accounts Payable team deal with Disputes, generally sent by email to invoice@mccarthyandstone.co.uk, emails are generally dealt with within 3 working days.
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