The average time taken for J. MARR LIMITED to pay invoices has decreased over the past three periods, from 42 days in the first period to 38 days in the most recent period. This indicates a positive trend of the company paying invoices more promptly.
The volatility of J. MARR LIMITED's payment behavior can be seen in the fluctuations of their percentages of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. These percentages have varied by 1-3% between each period, with the biggest change being a 5% decrease in invoices paid later than 60 days in the most recent period compared to the previous period.
J. MARR LIMITED has improved their payment behavior over the past three periods, with the average time taken to pay invoices decreasing from 42 days to 38 days. The percentage of invoices paid within 30 days has also increased from 35% to 37%, while the percentage of invoices paid later than 60 days has decreased from 23% to 17%. The company's shortest standard payment period remains at 35 days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 38 | 37% | 46% | 17% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jul 2019 | 39 | 36% | 41% | 22% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 42 | 35% | 42% | 23% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
End of month following month of invoice plus 5 days to clear funds.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
67
Disputed invoices are notified to the supplier together with the reason for the dispute. Any unresolved disputed invoices are subsequently considered by the Director.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
J. Marr Limited is registered as a head office activity company but trades as The Ice Co from its Yorkshire site. The Ice Co, founded in 1860 and now led by the sixth generation of the Marr family, describes itself as Europe's leading ice manufacturer and the UK's number one ice brand. It produces ice cubes, extra-large cubes, flake ice, ice blocks and crushed ice, sold under names such as Super Cubes, Polar Cube and Party Ice for retail, hospitality and trade customers. The company supplies bulk pallet deliveries as well as smaller retail packs through third-party stockists. It also promotes cocktail recipes and consumer engagement through its website and loyalty scheme.
Generated from the company's website and Companies House records. Sources: theiceco.co.uk · theiceco.co.uk · theiceco.co.uk