| 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 2019 - 31 Dec 2019 | 05 Feb 2020 | 28 | 67% | 33% | 1% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Feb 2020 | 31 | 58% | 39% | 3% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Jul 2019 | 33 | 50% | 45% | 5% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 35 | 48% | 47% | 5% | 5% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days from EOM
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
60
We raise the dispute with the supplier as soon as a dispute has been raised by the signing off manager of the invoice. We then look to work with the supplier via the finance department to resolve all disputes as quickly and efficiently as possible.
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
Manitou UK Limited is registered in Verwood, Dorset, and carries the SIC classification for manufacture of lifting and handling equipment. It operates as the UK entity within Manitou Group, a French group based in Loire-Atlantique that designs and manufactures handling, lifting and earthmoving equipment, including telehandlers, forklift trucks, aerial work platforms, loaders and skid steer loaders, for agriculture, construction and industrial markets, with further use in aeronautics, defence, environment and mining sectors. The wider group also supplies attachments and support services such as financing, maintenance, connected solutions and training through its dealer network. Manitou UK Limited represents the group's presence and machinery offering within the United Kingdom market.
Generated from the company's website and Companies House records. Sources: manitou.com