Company number: 01218121
and approved by Kevin Moran
Average time taken to pay invoices: 36 days
Invoices paid:
Invoices due but not paid within agreed terms: 35%
7 days
60 days
MP Moran have various supplier payment terms ranging from a 7 day account to a 60 day account. This also includes various settlement discount for paying in agreed times. The most common payment terms are a 30 day end of following month account.
Answer not provided
N/A
60 days
No further comment provided
N/A
We follow a flow chart for approving invoices and this shows us what do when a query occurs. A query can either be an internal one in which we will resolve ourselves in speaking to the correct department, and an external one where we are waiting on documents from the supplier i.e. a proof of delivery or credit note. We will contact the supplier before the invoice falls due, make them aware of why the invoice is on hold, and request what is needed in order to make payment. We do not pass any invoice that does not match our PO.
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.
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