Score of 82.8/100 qualifies for PaymentCheck Certification
The average time taken for MAINLINE MENSWEAR LIMITED to pay invoices has remained stable at 18-21 days over the past three periods.
The percentage of invoices paid within 30 days has remained consistently high at 85-90%, with a slight increase in the most recent period. The percentage of invoices paid between 31 and 60 days has also remained stable at 9-14%. However, there has been a slight increase in the percentage of invoices paid later than 60 days, from 1% to 17% over the past three periods.
| 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 Aug 2023 - 31 Jan 2024 | 16 Feb 2024 | 26 | 69% | 27% | 4% | 0% |
| 01 Feb 2023 - 31 Jul 2023 | 10 Aug 2023 | 21 | 82% | 17% | 1% | 0% |
| 31 Jul 2022 - 31 Jan 2023 | 15 Feb 2023 | 19 | 85% | 14% | 1% | 0% |
| 30 Jan 2022 - 30 Jul 2022 | 11 Aug 2022 | 18 | 88% | 11% | 1% | 0% |
| 31 Jul 2021 - 29 Jan 2022 | 10 Mar 2022 | 18 | 90% | 9% | 1% | 0% |
| 31 Jan 2021 - 30 Jul 2021 | 10 Mar 2022 | 18 | 87% | 12% | 1% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Usually pay early to get settlement discount
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We only pay the council tax over 60 days as it is direct debit over 10 or 12 months
Maximum contractual payment period agreed
60
Contact the supplier by phone or e-mail to resolve. We don't have any issues
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
Mainline Menswear Limited trades as Mainline, an online retailer of men's designer clothing, footwear and accessories. It sells branded menswear including Hugo Boss, Ralph Lauren, Emporio Armani, Adidas and Fred Perry, covering items such as t-shirts, jeans, trainers, jackets, tracksuits and shorts. The company operates as a stockist of these designer labels rather than manufacturing goods itself, offering UK next-day delivery and customer service to online shoppers. It is registered at Bury, Lancashire, and has been active since 1997. The business positions itself as a leading UK retailer within the designer menswear space, with a large customer review base across review platforms supporting its retail operations.
Generated from the company's website and Companies House records. Sources: mainlinem.co.uk