MHC UK LIMITED
Company number: 05886297
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
30 January 2025
Approved by:
James Hockley
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 29%
- in 61 days or more: 4%
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
0 days
Longest standard payment period
60 days
Standard payment terms
Most payment terms are around 30 days, we do not have one set payment term, this is negotiable with the suppliers. It can range from immediate payment to payment terms up to and including 7, 14, 20, 21, 28, 30, 45 and 60 days.
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
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Complaint or concern will be considered by the person who placed the order, invoices are usually put on hold until resolved. Suppliers can also raise queries with our accounts payable department - gbasupplierinfo@molnlycke.com
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.
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