| 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 Feb 2023 - 31 Jul 2023 | 12 Dec 2023 | 63 | 35% | 21% | 44% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We have varying payment terms which are agreed on an individual basis with each supplier. Typically we agree terms of either 45 days or 60 days EOM.
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
For each invoice input onto our software, an authoriser from within the organisation is assigned. If there is a query or dispute with an invoice, the authoriser will contact the supplier directly for it to be resolved.
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
MODEBEST BUILDERS LIMITED is a construction company based in the UK that specializes in sustainable building practices. They offer a wide range of services including construction, renovation, and maintenance for both residential and commercial properties.
The company places a strong emphasis on sustainability and has implemented a comprehensive sustainability program. This includes using eco-friendly materials, reducing waste and carbon emissions, and promoting sustainable design and construction practices.
MODEBEST BUILDERS LIMITED is committed to providing high-quality products and services that meet the needs of their clients while also minimizing their environmental impact. They offer a range of sustainable building options such as green roofs, solar panels, and energy-efficient systems.
The key people at MODEBEST BUILDERS LIMITED include the managing director, project managers, and a team of skilled and experienced builders. They work together to ensure that all projects are completed to the highest standards and in line with the company's sustainability goals.
The company's website is easily accessible and provides detailed information about their services, projects, and sustainability program. Their registered office address is located in London, UK, and they can be reached via email or phone for any inquiries or project consultations.
In conclusion, MODEBEST BUILDERS LIMITED is a leading construction company in the UK that is dedicated to sustainable building practices. With their range of services, commitment to sustainability, and team of experienced professionals, they are a reliable choice for any construction needs.