| 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 | 06 Jul 2020 | 36 | 34% | 60% | 6% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 20 Sept 2019 | 35 | 46% | 49% | 5% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 09 Apr 2019 | 22 | 70% | 28% | 2% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 42 | 14% | 77% | 9% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are payment at the end of the month following date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
All disputes are put in writing. If the goods have not been delivered or have been charged at a rate that is higher then the written order, a credit note is requested.
Maximum contractual payment period agreed
60
The invoice is held until the credit is received. The queries are regularly reviewed by the Purchase Ledger Manager and appropriate steps are taken to chase up outstanding credits. It is rare that a dispute is unsettled after 90 days. This is the reason for the delay, over & above our average payment terms.
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
Martin Grant Homes Limited, registered since 1978, now trades as Martin Grant Land. The business was originally a family run housebuilder but the board approved a shift in strategic direction from housebuilding to strategic land promotion, and it was renamed and relaunched under the Martin Grant Land name. It specialises in strategic land promotion, partnering with landowners and navigating the planning process to secure consent and maximise land value, rather than constructing homes itself. The company also owns and manages agricultural land near its Surrey office. It describes itself as working collaboratively with landowners and their advisers throughout the planning and land promotion process.
Generated from the company's website and Companies House records. Sources: martingranthomes.co.uk · martingranthomes.co.uk · martingranthomes.co.uk