MORRIS & SPOTTISWOOD LIMITED
Company number: SC046129
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
21 May 2025
Approved by:
Paul Brown
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 42%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are between 30 to 60 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
60 days
Maximum contract terms of 60 days are infrequent and are generally aligned with client payment terms and are agreed with individual suppliers / subcontractors in advance.
Any other information about payment terms
No further comment provided
Dispute resolution process
Morris and Spottiswood believe partnering with our supply chain and building strong working relationships is the most effective way of avoiding disputes however on occasion when a dispute with a supplier / subcontractor arises every effort is made to resolve the dispute at an early stage. Where a resolution is not obtained within a reasonable timescale there is an escalation procedure in place which passes the dispute to the relevant member of the senior management team who will then engage with the supplier / subcontractor to come to an agreement. Failing this the dispute would be passed to the Finance Director to resolve amicably.
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