The data for MORPHY RICHARDS LIMITED shows an overall improvement in the average time taken to pay invoices from 38 days in Sep 2018 to 35 days in Mar 2020. However, there was a slight increase in the average time taken to pay invoices in the period between Mar 2019 and Sep 2019, with a decrease of 3 days in the subsequent period.
The data also shows a decrease in the percentage of invoices paid later than 60 days, from 18% in Sep 2018 to 8% in Mar 2020. This indicates a decrease in volatility in the payment process. However, there was an increase in the percentage of invoices paid between 31 and 60 days in the period between Mar 2019 and Sep 2019, with a decrease in the subsequent period.
| 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 |
|---|---|---|---|---|---|---|
| 28 Sept 2019 - 27 Mar 2020 | 12 May 2020 | 35 | 45% | 47% | 8% | 89% |
| 29 Mar 2019 - 27 Sept 2019 | 31 Oct 2019 | 34 | 49% | 41% | 10% | 75% |
| 29 Sept 2018 - 28 Mar 2019 | 20 Sept 2019 | 38 | 49% | 33% | 18% | 76% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment made on the last day of the month following the date of the invoice
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
92
Disputes must first be notified using email contact accounts.payable@morphyrichards.co.uk. Tel 01709 582402. If the dispute cannot be resolved by Accounts Payable it will follow the approriate Finance escalation process.
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
Morphy Richards Limited is registered at Glen Dimplex Home Appliances premises in Prescot, indicating it operates as part of the Glen Dimplex group. The company trades as Morphy Richards, a long-established household appliance brand. Its website describes a range covering kitchen appliances such as kettles, toasters, microwaves, coffee machines, slow cookers and air fryers, alongside garment care products, irons, vacuum cleaners, fans, heaters and dehumidifiers, plus homewares including cookware and bakeware. Products are sold directly to consumers online under the Morphy Richards name, with the site offering buying guides, recipes and product registration. The Companies House record classifies the entity under wholesale of household electrical goods.
Generated from the company's website and Companies House records. Sources: morphyrichards.co.uk · morphyrichards.co.uk