Score of 87.48/100 qualifies for PaymentCheck Certification
| 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 Jun 2021 - 30 Nov 2021 | 06 Jan 2022 | 23 | 88% | 11% | 1% | 13% |
| 01 Dec 2020 - 31 May 2021 | 27 Sept 2021 | 25 | 84% | 13% | 3% | 20% |
| 01 Jun 2020 - 30 Nov 2020 | 18 Dec 2020 | 24 | 77% | 19% | 4% | 26% |
| 01 Dec 2019 - 31 May 2020 | 30 Sept 2020 | 25 | 83% | 9% | 9% | 23% |
| 01 Jun 2019 - 30 Nov 2019 | 30 Sept 2020 | 26 | 82% | 13% | 5% | 22% |
| 01 Dec 2018 - 31 May 2019 | 30 Sept 2020 | 30 | 82% | 14% | 5% | 19% |
| 01 Jun 2018 - 30 Nov 2018 | 30 Sept 2020 | 23 | 90% | 8% | 2% | 14% |
| 01 Dec 2017 - 31 May 2018 | 30 Sept 2020 | 25 | 87% | 11% | 2% | 18% |
| 01 Jun 2017 - 30 Nov 2017 | 30 Sept 2020 | 21 | 88% | 11% | 1% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company's standard terms are to pay suppliers within 30 days of the invoice date, subject to receiving a properly prepared invoice within a reasonable time frame. A small number of suppliers will require immediate/shorter payment terms.
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
Invoices are not paid until they are approved by budget holders. Budget holders are responsible for resolving disputes in a reasonable and timely manner.
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
MCE INSURANCE LIMITED is a in administration private limited company, incorporated on 7 November 1975, based in the South East region. Registered business activity: Non-life insurance.
From Companies House records.