Company number: 03852763
and approved by Anthony Brown
Average time taken to pay invoices: 62 days
Invoices paid:
Invoices due but not paid within agreed terms: 43%
30 days
Answer not provided
M&G Real Estate Limited’s payment practice information relates to information on UK linked payments made by European branches within M&G Real Estate Limited only. Reported data in the period relates to nine qualifying contract invoices. M&G Limited acts as the central service company for the M&G Group, which includes M&G Real Estate Limited. M&G Limited pays the majority of UK based payments on behalf of M&G Group of companies for qualifying contracts. Please refer to the M&G Limited report for full payment practice details. The M&G Group does not maintain a standard payment period for qualifying contracts, the most frequently used payment period for qualifying contracts is 30 days. Terms are counted from the date invoices are received into the central mailbox ap.invoices@mandg.com
Answer not provided
N/A
30 days
No further comment provided
N/A
Suppliers that wish to dispute a payment received from an M&G branch should, in the first instance, contact their local branch office who will consider the complaint and respond accordingly.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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