MACNAUGHTON BLAIR LIMITED

Company number: NI023032

Reporting period:
1 January 2020 to 30 June 2020

This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2020

and approved by Patrick Carroll

Payment statistics

Average time taken to pay invoices: 75 days

Invoices paid:

within 30 days: 7%
in 31 to 60 days: 26%
in 61 days or more: 67%

Invoices due but not paid within agreed terms: 91%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

120 days

Standard payment terms

Most common terms are 60 Days end of month.

Were there any changes to the standard payment terms in the reporting period?

30 Day deferral period due to Covid lockdown.

Were suppliers notified or consulted about these changes before they were made?

Suppliers were sent a letter in advance, advising them of an extended 30 days credit. We then followed up with phone calls to all key suppliers advising of the same.

Maximum contractual payment period agreed

120 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

All dispute / complaints relating to supplier payments is dealt with by our purchase ledger department, who will register the concern, investigate the matter and respond back to the supplier without delay.

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.

Yes

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.

Yes

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?

Yes

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

Yes