MCCARTHY & STONE RETIREMENT LIFESTYLES LIMITED

Company number: 06622231

Reporting period:
1 May 2024 to 31 October 2024

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

This report was filed on 29 November 2024

and approved by Jo Bennett

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

within 30 days: 77%
in 31 to 60 days: 20%
in 61 days or more: 3%

Invoices due but not paid within agreed terms: 13%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Standard terms are 30 days EOM

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

Frame Work agreements were 60 days EOM but this has been changed to mirror our Standard terms

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

N/A

Maximum contractual payment period agreed

60 days

Maximum contract days is 30days End of Month which can go up to the maximum of 60 days.

Any other information about payment terms

N/A

Dispute resolution process

Head office Accounts Payable team deal with Disputes, generally sent by email to invoice@mccarthyandstone.co.uk, emails are generally dealt with within 3 working days.

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.

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?