The average payment time for MARIA MALLABAND LIMITED is 43 days, indicating that a majority of payments extend beyond typical 30-day terms. A significant 46% of payments fall into the 31-60 day bracket, with an additional 20% exceeding 60 days, suggesting a consistent trend towards slower payment cycles. This trajectory points to a predictable pattern of payments settling in the mid-to-longer term rather than prompt settlement.
The payment profile exhibits moderate volatility; while 34% of payments are within 30 days, a substantial 20% extend beyond 60 days. The 18% late payment rate introduces additional unpredictability and risk of extended delays, impacting reliable cash flow forecasting. Suppliers should anticipate that a notable percentage of invoices may not be settled within standard terms, requiring proactive follow-up.
Overall, MARIA MALLABAND LIMITED presents a moderate payment risk due to its average 43-day payment time and significant proportion of payments beyond 30 days. Suppliers should adjust credit terms or factor in longer payment cycles for cash flow projections, especially given the 20% payments over 60 days. Implementing proactive monitoring for invoices approaching 60 days and clear procedures for the 18% late payments is advisable to mitigate financial exposure.
| 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 2023 - 31 Oct 2023 | 03 Jan 2024 | 43 | 34% | 46% | 20% | 18% |
| 01 Nov 2022 - 30 Apr 2023 | 20 May 2023 | 50 | 33% | 22% | 46% | 37% |
| 01 May 2022 - 31 Oct 2022 | 20 May 2023 | 44 | 37% | 30% | 33% | 29% |
| 01 Nov 2021 - 30 Apr 2022 | 20 May 2023 | 39 | 37% | 43% | 21% | 19% |
| 01 May 2021 - 31 Oct 2021 | 30 Nov 2021 | 41 | 39% | 36% | 25% | 20% |
| 01 Nov 2020 - 30 Apr 2021 | 30 May 2021 | 43 | 32% | 44% | 24% | 21% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 31 | 57% | 39% | 4% | 3% |
| 01 Nov 2019 - 30 Apr 2020 | 16 Jul 2020 | 43 | 37% | 41% | 22% | 6% |
| 01 May 2019 - 31 Oct 2019 | 17 Dec 2019 | 44 | 38% | 41% | 21% | 8% |
| 01 Nov 2018 - 30 Apr 2019 | 22 May 2019 | 45 | 33% | 41% | 26% | 7% |
| 01 May 2018 - 31 Oct 2018 | 22 May 2019 | 46 | 44% | 33% | 23% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 DAYS END OF MONTH
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
Manager takes control and reconciles accounts to validate dispute
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
MARIA MALLABAND LIMITED is an active private limited company that conducts business under its registered corporate name. As a private limited company, it operates as a distinct legal entity within the UK commercial landscape.
The company was incorporated on 24 August 1987, holding company number 02156720. Its registered office is located at Westcourt, Gelderd Road, Leeds, West Yorkshire, LS12 6DB, placing its operations within the Yorkshire region.
Private limited companies in the UK market typically offer a diverse range of products and services across various sectors. They function as commercial organisations that trade goods, provide professional services, or engage in other economic activities. This company structure provides limited liability for its shareholders.
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