| 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 Oct 2019 - 31 Mar 2020 | 15 Jul 2020 | 32 | 61% | 25% | 14% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Feb 2020 | 33 | 59% | 26% | 15% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Apr 2019 | 32 | 61% | 23% | 16% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 25 Oct 2018 | 33 | 60% | 25% | 15% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The supplier's standard payment terms are used regularly these are 30 days for locally provided goods and services and 60 days for imported goods.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
For some suppliers there are many invoices throughout the month and to prevent payments being made on every day of the month the invoices are bundled for a payment to be made on at least two dates per month spread evenly across the month. This may mean some invoices are paid earlier than the contractual date and some invoices paid later than the contractual date.
Maximum contractual payment period agreed
60
If there is a dispute about an invoice then either our Accounts Payable staff or the contract originator will contact the supplier for an explanation and then if applicable the supplier will raise a credit note or provide another method of resolution so that the invoice can be paid. The most common reason for a delay in payment is when an invoice has not been received by the supplier. Once we know this and have received the invoice it will be paid by being included in the next payment run.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MAKITA (UK) LIMITED is a dissolved private limited company, incorporated on 13 December 1972, based in the London region. Registered business activity: Wholesale of other machinery and equipment.
From Companies House records.