Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 2024 - 31 Dec 2024 | 04 Apr 2025 | 34 | 32% | 65% | 3% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 32 | 42% | 56% | 2% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 24 Jan 2024 | 33 | 38% | 59% | 3% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 02 Feb 2023 | 34 | 33% | 64% | 3% | 5% |
| 01 Jan 2022 - 30 Jun 2022 | 03 Nov 2022 | 36 | 30% | 66% | 4% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 14 Feb 2022 | 40 | 27% | 63% | 10% | 10% |
| 01 Jan 2021 - 30 Jun 2021 | 10 Aug 2021 | 40 | 37% | 55% | 9% | 9% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Feb 2021 | 34 | 41% | 54% | 5% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 31 | 52% | 46% | 2% | 2% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 30 | 51% | 46% | 3% | 3% |
| 01 Jan 2019 - 30 Jun 2019 | 15 Jul 2019 | 33 | 45% | 53% | 2% | 2% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Feb 2019 | 37 | 33% | 61% | 6% | 6% |
| 01 Jan 2018 - 30 Jun 2018 | 01 Aug 2018 | 36 | 39% | 58% | 3% | 3% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days net from the end of month following the invoice date
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
60
Disputes are resolved by discussion with the relevant people who are the supplier, credit control and the requisitioner
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
Midland Expressway Limited holds the concession to build, manage and operate the M6toll, a privately financed motorway around Birmingham that opened in December 2003 as an alternative route to the M6, A5 and A38. The company invested £1bn in the road's construction and now runs it under the M6toll brand, employing more than 150 staff to oversee day-to-day operations, tolling, customer accounts and road safety. Since 2023 the company has been part of Aleatica, an international transport infrastructure group owned by IFM Investors, which manages motorways, ports, a light rail line and an airport across several countries. Midland Expressway itself is the UK entity responsible for the M6toll's construction and ongoing operation.
Generated from the company's website and Companies House records. Sources: m6toll.co.uk · m6toll.co.uk