Ranked in 2 industries
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| 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 May 2024 - 31 Oct 2024 | 29 Nov 2024 | 45 | 42% | 27% | 31% | 40% |
| 01 Nov 2023 - 30 Apr 2024 | 31 May 2024 | 65 | 17% | 28% | 55% | 39% |
| 01 May 2023 - 31 Oct 2023 | 28 Nov 2023 | 66 | 16% | 24% | 60% | 40% |
| 01 Nov 2022 - 30 Apr 2023 | 31 May 2023 | 72 | 13% | 25% | 62% | 43% |
| 01 May 2022 - 31 Oct 2022 | 30 Nov 2022 | 74 | 12% | 22% | 67% | 43% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment will be made on the relevant payment run 60 days from the end of the month following the date of the invoice. The invoice must be received in accordance with the cut off dates for each month which are supplied yearly. For an invoice to be accepted it must have the correct purchase order number quoted on the invoice. Where applicable the job ticket/delivery note should be provided with the 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
When an invoice is in dispute it is flagged upon input to the purchase ledger system as a query. Reports are run throughout the month and emails are sent out to suppliers detailing the nature of the dispute. To resolve the dispute the supplier needs to provide the information requested or a credit note.
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
Brown and Mason Group Limited is a demolition, dismantling and asbestos removal company, trading as Brown and Mason. Founded in 1961 and family owned, the group is among Europe's largest operators in industrial decommissioning, dismantling, demolition and asbestos removal, working across the continent and internationally. It provides turnkey project management from initial enquiry through to completion, employing over 300 people directly with reported turnover of £50 million. Its project history includes decommissioning power stations, nuclear and marine decommissioning, and controlled explosive engineering. The group holds a full HSE asbestos removal licence and is a member of the National Federation of Demolition Contractors and the Asbestos Removal Contractors Association.
Generated from the company's website and Companies House records. Sources: brownandmason.com · brownandmason.com