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 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.
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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
Modebest Builders Limited is the head office entity of the Modebest Group, a construction specialist operating across London and the home counties. The group undertakes groundworks and basement construction, reinforced concrete frame installation, and precast concrete manufacturing through its Dartford Precast facility. Established in 1994, the group has grown to include a plant yard, slip forming rigs and high-rise screen equipment, and has delivered projects including a 49-storey tower. Modebest Builders Limited operates as the registered UK company within this group, based in Northolt, with additional operational yards in Cranford and Dartford. Its work spans enabling works, groundworks, basement construction and reinforced concrete frame projects for residential and non-residential developments.
Generated from the company's website and Companies House records. Sources: modebest.co.uk · modebest.co.uk · modebest.co.uk