Industry ranking
The average time to pay for MJT SECURITIES LIMITED has decreased by 6.3% over the past three periods.
The average time to pay for MJT SECURITIES LIMITED has been relatively stable over the past three periods, with a maximum difference of 2 days between the shortest and longest payment periods.
From Jan 2023 to Jun 2023, MJT SECURITIES LIMITED had an average time to pay of 38 days, with 48% of invoices paid within 30 days, 35% paid between 31 and 60 days, and 17% paid later than 60 days.
| 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 2023 - 30 Jun 2023 | 29 Aug 2023 | 38 | 48% | 35% | 17% | 10% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with suppliers as part of contract negotiations. The most common payment terms of invoices paid in the period are net 30 days and net monthly (invoices payable on the 20th of the month following).
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
180
Disputes are resolved by negotiation involving the relevant parties - accounts payable and credit control departments; procurement, legal and sales teams.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MJT Securities Limited is a registered company based in Basildon, Essex, incorporated in 1991 and classified under management consultancy activities. Evidence indicates it functions as a holding entity within the group behind Toomey Motor Group, whose website lists "MJT Securities Group of Companies" among its corporate pages. The wider group, trading as Toomey Motor Group, operates new and used car and van dealerships across Southend, Basildon, Brentwood and Chelmsford, representing manufacturers including Hyundai, Citroen, Dacia, Vauxhall, Renault, Nissan, Peugeot and others. The group also provides aftersales servicing, parts, SMART repairs, vehicle finance and business/fleet and Motability schemes. MJT Securities Limited itself does not appear to trade directly with the public but sits as part of this long-established Essex motor retail group tracing its origins to 1929.
Generated from the company's website and Companies House records. Sources: toomeymotorgroup.co.uk · toomeymotorgroup.co.uk