The payment data for MAYNARD & HARRIS PLASTICS indicates a strong trend towards extended payment cycles, with an average payment time of 60 days and over half (56%) of payments occurring beyond this period. This trajectory suggests a consistent pattern where prompt payments are rare, with only 14% paid within 30 days.
While the distribution shows a clear tendency for slower payments, the 13% late payment rate introduces an element of unpredictability and risk for suppliers. This consistently extended payment behavior, combined with the late payments, indicates a higher likelihood of cash flow strain for suppliers due to prolonged receivables.
Overall, MAYNARD & HARRIS PLASTICS demonstrates a significant propensity for lengthy payment processing, with a majority of invoices settled past 60 days and a notable percentage being late. Suppliers should account for considerable delays in cash flow and consider strategies such as negotiating stricter payment terms or upfront deposits to mitigate associated financial risks.
| 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 2025 - 31 Mar 2026 | 29 Apr 2026 | 62 | 11% | 33% | 56% | 33% |
| 01 Apr 2025 - 31 Oct 2025 | 24 Oct 2025 | 60 | 14% | 30% | 56% | 13% |
| 01 Oct 2024 - 31 Mar 2025 | 28 Apr 2025 | 68 | 12% | 30% | 58% | 20% |
| 01 Apr 2024 - 30 Sept 2024 | 25 Oct 2024 | 70 | 8% | 26% | 66% | 16% |
| 01 Oct 2023 - 31 Mar 2024 | 19 Apr 2024 | 72 | 8% | 27% | 65% | 32% |
| 01 Apr 2023 - 30 Sept 2023 | 18 Oct 2023 | 68 | 7% | 25% | 68% | 12% |
| 01 Oct 2022 - 31 Mar 2023 | 27 Apr 2023 | 74 | 9% | 42% | 50% | 30% |
| 01 Apr 2022 - 30 Sept 2022 | 21 Oct 2022 | 70 | 7% | 29% | 65% | 27% |
| 01 Oct 2021 - 31 Mar 2022 | 27 Apr 2022 | 71 | 5% | 29% | 66% | 32% |
| 01 Apr 2021 - 30 Sept 2021 | 22 Oct 2021 | 81 | 1% | 31% | 68% | 41% |
| 01 Oct 2020 - 31 Mar 2021 | 26 Apr 2021 | 66 | 0% | 35% | 65% | 15% |
| 01 Apr 2020 - 30 Sept 2020 | 27 Oct 2020 | 65 | 0% | 36% | 64% | 14% |
| 01 Oct 2019 - 31 Mar 2020 | 27 Apr 2020 | 65 | 0% | 37% | 63% | 11% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 62 | 3% | 38% | 59% | 9% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 63 | 4% | 43% | 53% | 4% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 62 | 1% | 44% | 55% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are on the 28th day, two months following month of invoice.
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
90
Complaints or concerns are to be referred to the purchasing team and escalated via the management team.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MAYNARD & HARRIS PLASTICS is an active private unlimited company operating within the plastics industry. Its name clearly indicates its involvement with plastic products or services.
Incorporated on 2 January 1975, the company holds company number 01195337. Its registered office is located at Corby Hub 4 Sallow Road, Weldon North Industrial Estate, Corby, United Kingdom, NN17 5JX, placing its operations within the East Midlands.
Companies operating within the plastics industry in the UK typically specialise in manufacturing, supplying, and processing various plastic materials. Their activities often include injection moulding, extrusion, fabrication of custom components, or the production of plastic products for diverse sectors.
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