MARSHALL THERMO KING LIMITED
Company number: 00759572
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
26 March 2025
Approved by:
Gareth Williams
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 14%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 5%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
30 days / 45 days EOM (month of invoice + 45 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
45 days
45 days EOM (month of invoice + 45 days)
Any other information about payment terms
The supplier shall submit invoices to the accounts payable email address. Every invoice is required to have our PO number stated on the invoice. The company may reject any invoice that does not include the information set out above.
No payments shall be made until the goods and/ or services have been accepted.
Dispute resolution process
The company addresses any payment disputes with suppliers on a case-by-case basis
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