| 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 | 17 Jul 2025 | 32 | 64% | 20% | 16% | 21% |
| 01 Jul 2024 - 31 Dec 2024 | 28 Jan 2025 | 30 | 77% | 14% | 9% | 18% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 64 | 17% | 42% | 40% | 82% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Jan 2024 | 51 | 49% | 28% | 23% | 51% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 49 | 50% | 29% | 21% | 50% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 50 | 51% | 25% | 24% | 49% |
| 01 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 49 | 51% | 26% | 23% | 49% |
| 01 Jul 2021 - 31 Dec 2021 | 20 Jan 2022 | 38 | 60% | 27% | 13% | 40% |
| 01 Jan 2021 - 30 Jun 2021 | 28 Jul 2021 | 40 | 59% | 26% | 15% | 41% |
| 01 Jan 2020 - 30 Jun 2020 | 22 Jul 2020 | 51 | 54% | 25% | 22% | 47% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Jan 2020 | 48 | 58% | 21% | 22% | 43% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 59 | 50% | 23% | 27% | 50% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 59 | 48% | 23% | 29% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for goods and services are 30 days; once fully approved, invoices are paid in the next scheduled payment run. The frequency of payment runs depend on, amongst other things, currency of invoice however are typically completed at least weekly.
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
Invoice payment disputes, complaints or concerns should be raised to Corporate Accounts Payable via email at aphelpdesk@ml.com or via phone 0207 995 2115. All emails will be responded to within 2 business days. Any escalations should be raised to the Accounts Payable Manager whose contact details are available upon request.
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
Merrill Lynch International is a UK-registered company, incorporated in 1988, forming part of the Bank of America group's Merrill Lynch operations. Companies House records its business as financial intermediation, spanning investment banking and corporate finance, wealth and asset management, private equity, lending, and insurance-related activities. The wider group's own materials describe Merrill as providing wealth management, financial advice, banking, lending, investment and retirement planning services, with Bank of America named as the parent brand. As the UK arm of this global financial services group, the entity operates within the group's investment banking and wealth management business rather than as an independent trading operation.
Generated from the company's website and Companies House records. Sources: ml.com · ml.com