Company number: 04273754
and approved by Mark Atkinson
Average time taken to pay invoices: 26 days
Invoices paid:
Invoices due but not paid within agreed terms: 4%
30 days
60 days
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.
Answer not provided
N/A
60 days
No further comment provided
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.
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.
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
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No