MICHAEL PAGE INTERNATIONAL RECRUITMENT LIMITED

Company number: 04130921

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 22 January 2019

and approved by Kelvin Stagg

Payment statistics

Average time taken to pay invoices: 3 days

Invoices paid:

• within 30 days: 97%
• in 31 to 60 days: 2%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

1 days

Longest standard payment period

45 days

Standard payment terms

Standard supplier terms are 45 days from the date of invoice. No early settlement discounts are entered into. Invoices for the provision of temporary workers are typically raised under a self-bill arrangement. Payment is made on the day the invoice is raised.

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

45 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Suppliers email the shared Accounts Payable inbox purchaseledger@michaelpage.com to log any issues. Or can call the Accounts Payable department. A member of the team will assist in resolving the issue or dispute. Resolutions are usually performed by email or telephone.

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