MARINA DEVELOPMENTS LIMITED exhibits an average payment time of 36 days, with a significant 70% of all payments being late. While only 30% are paid within 30 days, a substantial 67% consistently fall into the 31-60 day bracket, indicating a predictable trajectory of payments extending beyond standard 30-day terms. A low 3% of payments exceed 60 days, suggesting eventual settlement despite initial delays.
The company demonstrates low reliability for adhering to standard 30-day payment terms, posing a consistent cash flow risk for suppliers expecting prompt settlement. However, the high concentration of payments (67%) within the 31-60 day window indicates a degree of predictability regarding the *extended* payment cycle. There is minimal volatility concerning extreme payment delays, as very few payments stretch beyond 60 days.
Suppliers should anticipate an average payment window of 31-60 days rather than 30 days when engaging with MARINA DEVELOPMENTS LIMITED. Key decision factors include the supplier's capacity to manage a 36-day average payment cycle and willingness to adjust credit terms. To mitigate risk, consider negotiating extended payment terms (e.g., Net 45) upfront or adjusting pricing to account for delayed cash flow.
| 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 Apr 2025 - 30 Sept 2025 | 08 Oct 2025 | 36 | 30% | 67% | 3% | 70% |
| 01 Oct 2024 - 31 Mar 2025 | 17 Apr 2025 | 33 | 37% | 61% | 2% | 63% |
| 01 Apr 2024 - 30 Sept 2024 | 06 Nov 2024 | 28 | 62% | 36% | 2% | 38% |
| 01 Apr 2021 - 30 Sept 2021 | 18 Oct 2021 | 41 | 60% | 32% | 8% | 68% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 43 | 69% | 21% | 10% | 58% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Apr 2021 | 68 | 19% | 43% | 38% | 92% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2021 | 61 | 31% | 45% | 24% | 81% |
| 01 Apr 2019 - 30 Sept 2019 | 29 Apr 2021 | 41 | 39% | 49% | 12% | 75% |
| 01 Oct 2018 - 31 Mar 2019 | 29 Apr 2019 | 41 | 48% | 43% | 9% | 31% |
| 01 Apr 2018 - 30 Sept 2018 | 19 Oct 2018 | 39 | 33% | 57% | 10% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are normally in line with the agreed contractual terms of the supplier, which is negotiated prior to entering into any agreement for goods or services.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Any payment disputes shall be resolved between the supplier and the business contact and/or finance team in accordance with the relevant contract terms. Any dispute that cannot be resolved may be referred to the business' legal department.
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
Marina Developments Limited is the registered entity behind MDL Marinas, which owns and operates 18 marinas across the UK and one in Spain. The company provides berthing and mooring for boats of various sizes, boatyard services for motorboat and yacht care, and manages commercial property, industrial and retail units within its marina sites. It also runs holiday parks, fitness facilities and boat storage at several locations. Registered office is at Ocean Village Marina in Southampton, one of its own sites. The business has operated in the marina sector for over fifty years, maintaining an in-house team covering marina development, estates and operations across both UK and Spanish locations.
Generated from the company's website and Companies House records. Sources: mdlmarinas.co.uk