| 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 Jul 2025 - 31 Dec 2025 | 30 Jan 2026 | 46 | 42% | 38% | 20% | 45% |
| 01 Jan 2025 - 29 Jun 2025 | 30 Jul 2025 | 45 | 44% | 37% | 19% | 38% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 43% | ||||
| 01 Jan 2024 - 30 Jun 2024 | 29 Jul 2024 | 38 | 53% | 33% | 14% | 31% |
| 03 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 51 | 47% | 34% | 19% | 39% |
| 01 Jan 2023 - 02 Jul 2023 | 25 Jul 2023 | 50 | 43% | 36% | 21% | 36% |
| 27 Jun 2022 - 31 Dec 2022 | 31 Jan 2023 | 58 | 38% | 42% | 20% | 45% |
| 01 Jan 2022 - 26 Jun 2022 | 27 Jul 2022 | 52 | 25% | 51% | 24% | 58% |
| 28 Jun 2021 - 31 Dec 2021 | 31 Jan 2022 | 52 | 26% | 50% | 24% | 57% |
| 01 Jan 2021 - 27 Jun 2021 | 30 Jul 2021 | 56 | 20% | 54% | 26% | 53% |
| 01 Jan 2020 - 28 Jun 2020 | 29 Jul 2020 | 54 | 17% | 64% | 19% | 65% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 64 | 17% | 59% | 24% | 60% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 55 | 21% | 51% | 27% | 61% |
| 02 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 49 | 27% | 55% | 18% | 23% |
| 01 Jan 2018 - 01 Jul 2018 | 19 Jul 2018 | 37 | 9% | 77% | 14% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Majority of our suppliers are on 30 days, start by offering 60 days however most suppliers tend to enforce 30 days
Were there any changes to the standard payment terms in the reporting period?
Suppliers do ask for improved terms and these will be negotiated by procurement and senior management
Any other information about payment terms
No further comment provided
Maximum contractual payment period agreed
120
Invoice queries are dealt with in a timely manner, to ensure invoices are paid on time. Relevent departments are sent invoices when queries arise.
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
MAGNESIUM ELEKTRON LIMITED is a leading international company that specializes in the production and supply of magnesium alloys and products. They are committed to sustainability and have implemented a number of initiatives to reduce their environmental impact.
Their sustainability program includes investing in renewable energy, reducing waste and emissions, and promoting responsible sourcing and recycling. They also have a strong focus on employee health and safety, and have received various awards for their efforts in this area.
The company's main products include magnesium alloys, which are used in a wide range of industries such as aerospace, automotive, and electronics. They also offer a variety of magnesium-based products, including powders, extrusions, and castings.
MAGNESIUM ELEKTRON LIMITED has a team of experienced and knowledgeable professionals leading the company. This includes their CEO, Mark Noakes, and their Chairman, Joe O'Neill. The company has a global presence, with offices and manufacturing facilities in the UK, Germany, and the US.
For more information on their products and services, as well as their sustainability efforts, you can visit their website at www.magnesium-elektron.com. Their registered office address is located in Swinton, Manchester, UK.
In conclusion, MAGNESIUM ELEKTRON LIMITED is a reputable company that is dedicated to sustainability and providing high-quality magnesium products to various industries. With a strong leadership team and a global presence, they continue to be a leader in the magnesium industry.
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