Score of 98.2/100 qualifies for PaymentCheck Certification
| 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 | 29 Jul 2025 | 12 | 97% | 3% | 0% | 3% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 24 | 95% | 3% | 2% | 5% |
| 01 Jan 2024 - 30 Jun 2024 | 16 Jul 2024 | 22 | 96% | 3% | 1% | 4% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 17 | 95% | 4% | 1% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 30 | 99% | 1% | 0% | 1% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 30 | 96% | 2% | 2% | 4% |
| 01 Jan 2022 - 30 Jun 2022 | 26 Jul 2022 | 29 | 92% | 7% | 1% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 24 Jan 2022 | 30 | 92% | 4% | 4% | 8% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 30 | 93% | 1% | 6% | 8% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 30 | 93% | 5% | 2% | 7% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 30 | 96% | 3% | 1% | 4% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 30 | 98% | 1% | 1% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Jul 2019 | 30 | 96% | 4% | 0% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 25 Jan 2019 | 30 | 98% | 1% | 1% | 2% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 30 | 99% | 1% | 0% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 30 days, we don't negotiate a longer period than this.
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
30
Following discussion between the Invoice reviewer and Accounts Payable contact will be made with the Supplier, escalating to Supplier Management and Senior Management if required.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MONEYBARN LIMITED is a British financial company that specializes in providing personal and business vehicle financing solutions. The company was founded in 1992 and has its registered office located in Petersfield, Hampshire.
The primary focus of MONEYBARN LIMITED is to provide affordable and accessible vehicle financing options to people from all walks of life. They offer a variety of products and services, including hire purchase, personal contract purchase, and personal loans. These options allow customers to own their dream vehicle without having to worry about high upfront costs.
One of the key aspects of MONEYBARN LIMITED is their commitment to sustainability. They have implemented various initiatives to reduce their environmental impact, such as using eco-friendly materials in their office and promoting paperless transactions. They also have a dedicated sustainability team that continuously works towards finding more sustainable practices for the company.
The company is led by its CEO, Shamus Hodgson, who has over 30 years of experience in the financial industry. Under his leadership, MONEYBARN LIMITED has grown to become one of the leading vehicle finance providers in the UK.
For customers who want to learn more about MONEYBARN LIMITED and their services, they can visit their website at www.moneybarn.com. The website provides detailed information on their products, services, and sustainability efforts. Customers can also contact the company through their registered office address at 1 Arleston Way, Shirley, Solihull, West Midlands, B90 4LH or by calling their customer service team at 0330 555 1234.
In conclusion, MONEYBARN LIMITED is a reputable financial company in the UK that offers sustainable vehicle financing solutions. With their wide range of products and services and their commitment to sustainability, they continue to help people achieve their dream of owning a vehicle while also contributing to a better environment.
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