Company number: 04273754
and approved by Joe Ledwidge
Average time taken to pay invoices: 44 days
Invoices paid:
Invoices due but not paid within agreed terms: 19%
30 days
75 days
Morgan Sindall operates shorter payment terms in certain circumstances, including where we have specific payment commitments on frameworks with key customers e.g. 30 days. This is reflected in our average days to pay, when compared to our standard payment terms of 75 days for purchase ledger suppliers, and 49 days (from valuation date) for subcontractors.
Answer not provided
N/A
75 days
The maximum contractual payment period was 75 days. These terms have been agreed with individual strategic suppliers. There have been no changes to standard terms within the period.
N/A
Invoice queries should be addressed to the buyer who placed the individual order as the first point of contact, and the contact details are clearly stated on the Purchase order. In the event that this should not yield a solution please request the issue to be escalated to the Director of Procurement.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No