The data for GERARD MANN LIMITED shows a fluctuating trend in the average time taken to pay invoices to suppliers. From 2018 to 2019, there was a slight decrease in the average time to pay, followed by a sharp increase in 2020 and a gradual decrease in 2021. However, the data for 2022 onwards is missing, so it is not possible to determine the overall trend.
The data for GERARD MANN LIMITED displays high volatility in the percentage of invoices paid within 30 days and later than 60 days. There is also a moderate volatility in the percentage of invoices paid between 31 and 60 days. The average time to pay also shows high volatility, with a significant increase in 2020 followed by a decrease in 2021.
| 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 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 27 Jul 2022 | 70 | 20% | 48% | 32% | 22% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jul 2022 | 69 | 25% | 40% | 35% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 27 Jul 2022 | 62 | 31% | 38% | 31% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 21 Jan 2021 | 67 | 33% | 32% | 35% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 76 | 24% | 33% | 43% | 18% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 44 | 35% | 52% | 13% | 13% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 40 | 38% | 52% | 10% | 12% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 44 | 30% | 53% | 17% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 40 | 33% | 58% | 9% | 21% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
3 days for goods for resale 60 days for goods not for resale
Were there any changes to the standard payment terms in the reporting period?
Goods not for resale standard terms extended from 30 days to 60 days for new suppliers.
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
60
Directors / senior representatives to meet within 28 days of notice to resolve the dispute in good faith. If it remains unresolved, the parties will enter into mediation via the Centre for Effective Dispute Reduction
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
Gerard Mann Limited is a British company that specializes in the production and distribution of high-quality stationary and office supplies. Founded in 1985, the company has built a strong reputation for its commitment to sustainability and providing innovative and eco-friendly products.
One of the key activities of Gerard Mann Limited is its sustainability program, which aims to reduce its environmental impact and promote sustainable practices. This includes using recycled materials for their products, implementing energy-saving measures in their production processes, and partnering with sustainable suppliers.
The company offers a wide range of sustainable products, including recycled notebooks, eco-friendly pens, and biodegradable packaging. They also have a line of refillable products, encouraging customers to reduce waste and reuse their items.
The key people behind Gerard Mann Limited are its founders, Gerard and Margaret Mann, who have a strong vision for sustainable and ethical business practices. They are supported by a dedicated team of employees who share their values and strive to make a positive impact on the environment.
For customers and potential partners, Gerard Mann Limited can be contacted through their website, which also provides information on their products, sustainability program, and company values. The registered office address is located in Birmingham, UK, where the company carries out its operations.
In summary, Gerard Mann Limited is a leading British company in the stationary and office supplies industry, known for its sustainability program and eco-friendly products. With a strong commitment to reducing its environmental impact, the company continues to provide high-quality products while promoting sustainable practices.
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