MCALEER & RUSHE CONTRACTS UK LIMITED

Company number: 07512356

Reporting period:
1 January 2024 to 30 June 2024

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

This report was filed on 19 July 2024

and approved by Eamon Higgins

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

within 30 days: 41%
in 31 to 60 days: 54%
in 61 days or more: 5%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

For other service or material suppliers, payment terms are generally 30 days from the end of the month with some longstanding agreements at 60 days from the end of the month.

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

For material orders where any disputes arise regarding quantities delivered these are resolved by the Finance Department who request proof of delivery. Where any disputes regarding invoice rates arise, these are resolved by the Buying Department. For subcontract orders where any disputes arise, these are resolved by the Commercial/Quantity Surveyor in accordance with the overall building contract and the specific subcontract order.

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.

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.

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?