MAYBORN (UK) LIMITED

Company number: 01894022

Reporting period:
1 January 2019 to 30 June 2019

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This report was filed on 8 August 2019

and approved by James Taylor

Payment statistics

Average time taken to pay invoices: 44 days

Invoices paid:

• within 30 days: 30%
• in 31 to 60 days: 48%
• in 61 days or more: 22%

Invoices due but not paid within agreed terms: 7%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

90 days

Standard payment terms

Standard payment terms 60 days Supplier form is signed before work is commenced agreeing to 60 days, or over-ridden by contract in place.

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

We have varied payment terms dependent upon contracts in place

Any other information about payment terms

E invoicing- welcome all suppliers to email copy invoices to accountspayable@mayborngroup.com Business disputes regarding payments- email accountspayable@mayborngroup.com Payment runs weekly Wed

Dispute resolution process

Business disputes regarding payments- email accountspayable@mayborngroup.com

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.

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