MORGAN SINDALL CONSTRUCTION & INFRASTRUCTURE LTD

Company number: 04273754

Reporting period:
1 July 2021 to 31 December 2021

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

This report was filed on 25 January 2022

and approved by Paul Kane

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

within 30 days: 71%
in 31 to 60 days: 27%
in 61 days or more: 2%

Invoices due but not paid within agreed terms: 7%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

Morgan Sindall operates shorter payment terms in certain circumstances, including where we have specific payment commitments on frameworks with key customers e.g. 30 days. This is reflected in our average days to pay, when compared to our standard payment terms. - Prompt Payment Code for Morgan Sindall Group can be found here… https://www.smallbusinesscommissioner.gov.uk/ppc/

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

60 days

The maximum contractual payment period was 60 days.

Any other information about payment terms

Morgan Sindall is aiming to pay all of it suppliers within 60 days as demonstrated by the change in standard terms in 2019, which has led to 98% of invoices now being paid within 60 days. In response to the new guidance issued to pay small companies (<50 employees) within 30 days, and our commitment as a responsible business, we have implemented changes to our core process to be able to identify companies in this category and ensure payment terms are set appropriately. We remain focused on meeting the challenges of improving on our paid to terms performance, and we will continue to collaborate with our supply chain partners to make the overall payment process as efficient as possible.

Dispute resolution process

Invoice queries should be addressed to the buyer who placed the individual order as the first point of contact, and the contact details are clearly stated on the Purchase order. In the event that this should not yield a solution please request the issue to be escalated to the Director of Procurement.

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.

Yes, this business has signed up to: Prompt Payment Code

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?