Score of 97.8/100 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 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 11 | 96% | 4% | 0% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 11 | 98% | 2% | 0% | 2% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 10 | 98% | 2% | 0% | 2% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 10 | 97% | 3% | 0% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 10 | 96% | 4% | 0% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 11 | 92% | 8% | 0% | 8% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 11 | 93% | 7% | 0% | 7% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 12 | 94% | 6% | 0% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 13 | 90% | 10% | 0% | 9% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 12 | 89% | 10% | 1% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payments to contractors are the most significant supplier payment type by volume and these are generally paid in 7 days on receipt of correctly approved timesheet or invoice. For other transactions we agree appropriate terms of payment with suppliers and on timely receipt of satisfactory invoices payments are made to terms. Typical terms are 30 days.
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
Morson Projects Payroll function undertakes and oversees the payments made to Contractors, the payroll team work closely in conjunction with Morson Projects Commercial team who ensure that all timesheets and invoices that are expected are received in a timely manner. Any payment queries are in the first instance directed to either the Commercial team or the Payroll team who will try to resolve the matter, if for any reason this can not be resolved then the queries are then escalated higher to a member of the Ops Board team. Other supplier disputes are dealt with by the Purchase ledger team, if these disputes can not be resolved they are then directed to the Management Accountant or Financial Director.
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
MORSON PROJECTS LIMITED is an active private limited company, incorporated on 26 October 1979, based in the North West region. Registered business activity: Manufacture of electricity distribution and control apparatus; Engineering design activities for industrial process and production; Other engineering activities.
From Companies House records.