The average time taken for CPM GROUP LIMITED to pay invoices increased from 76 days in Jan 2018 to 79 days in Jun 2018.
The average time taken for CPM GROUP LIMITED to pay invoices showed a slight increase of 3 days from Jan 2018 to Jun 2018.
From Jan 2018 to Jun 2018, there was a slight increase in the average time taken for CPM GROUP LIMITED to pay invoices. The percentage of invoices paid within 30 days decreased, while the percentage of invoices paid later than 60 days and not paid within agreed terms increased. The percentage of invoices paid between 31 and 60 days remained the same. The shortest (or only) standard payment period stayed consistent at 7 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 2018 - 30 Jun 2018 | 01 Aug 2018 | 76 | 4% | 25% | 71% | 82% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company shall pay correctly submitted invoices within 30 days of the end of the month in which the relevant invoice was dated.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
This will be the first and only submission for CPM Group Ltd, following the acquisition by Marshalls and subsequent hiving up of the trade to Marshalls Mono Ltd on 30th June 2018. The data represents the continuing payment practice from the period pre-acquisition and suppliers should note that, once integration into Marshalls has been completed, a general improvement in settlement times.
Maximum contractual payment period agreed
60
If invoices do not match to purchase order details then the invoice will be marked as in dispute by the accounts payable team and flagged to the relevant purchase administrator. The originator of the purchase order at site will work with the supplier to resolve the dispute. The accounts payable team will raise credit notes, if required, in resolving the dispute.
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
CPM Group Limited manufactures concrete products for construction purposes, as reflected in its registered business classification. The company was incorporated in 1971 as Grange Precast Limited, was renamed Grange Rexim Limited in 1977, and later became CPM Group Limited in 2004. Companies House filings show it as a subsidiary within a wider corporate group, with consolidated accounts prepared by a parent company and Marshalls Mono Limited recorded as a person with significant control. The company itself does not file full standalone accounts, instead using audit exemption subsidiary accounts. It remains an active private limited company registered in Elland, England.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk