MONEX EUROPE LIMITED
Company number: 06014261
Reporting period:
1 January 2019 to 30 June 2019
Report filed on:
12 July 2019
Approved by:
Magda Gonzalez
Payment statistics
Average time taken to pay invoices: 8 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 7%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
90 days
Standard payment terms
Firm policy is to pay suppliers every week. Minor payment delays may occur if the invoice is received shortly after the weekly payment run. Disputed amounts may also result in processing delays.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No
Any other information about payment terms
No
Dispute resolution process
We have an Accounts Payable email account for invoice submissions, statements and / or correspondence. Statements are checked and correspondence answered by Account Payable department. Suppliers are made aware of issues on invoices and can be directed to head of relevant department if invoices have yet to be authorised or to resolve disputes.
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 Fair 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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No