Industry ranking
The average time taken for MAYBORN (UK) LIMITED to pay invoices has increased steadily over the past 3 years, with a slight decrease in the first half of 2020. The percentage of invoices paid within 30 days has also decreased, while the percentage of invoices paid later than 60 days has increased.
The volatility of MAYBORN (UK) LIMITED's payment behavior has been relatively stable, with only minor fluctuations in the average time taken to pay invoices and the percentage of invoices paid within agreed terms.
| 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 2021 - 30 Jun 2021 | 17 Jul 2021 | 54 | 25% | 47% | 28% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 49 | 22% | 49% | 29% | 6% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 46 | 30% | 41% | 29% | 33% |
| 01 Jul 2019 - 31 Dec 2019 | 07 Feb 2020 | 46 | 23% | 46% | 31% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 08 Aug 2019 | 44 | 30% | 48% | 22% | 7% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Apr 2019 | 46 | 24% | 52% | 24% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 38 | 23% | 46% | 31% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms 60 days. Supplier form is signed before work is commenced agreeing to these terms unless over-ridden by contract
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
E invoicing- welcome all suppliers to email copy invoices to accountspayable@mayborngroup.com BACs payment runs weekly Wed to hit bank Fri
Maximum contractual payment period agreed
90
Business disputes regarding payments- email accountspayable@mayborngroup.com
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
Mayborn (UK) Limited is registered at Mayborn House in Newcastle upon Tyne, which serves as the global headquarters for the wider Mayborn Group. The group designs and manufactures parent-care products under the Tommee Tippee brand, with company-owned manufacturing facilities in Morocco, China and Mansfield, UK, plus warehouse operations worldwide. Companies House records show this entity's business as manufacture of other plastic products and wholesale of household goods, consistent with its role within the group's UK manufacturing and commercial operations. The wider group also has regional commercial offices in North America, Australia, France and Hong Kong, and trading and marketing entities in several other countries.
Generated from the company's website and Companies House records. Sources: mayborngroup.com