The average time taken for MALTHURST LIMITED to pay invoices has increased from 17 days in Oct 2017 to 19 days in April 2019. This shows a trend of slower payment over time.
The company's payment pattern has remained relatively stable with only minor changes in the percentage of invoices paid within 30 days and between 31-60 days. However, there has been an increase in the percentage of invoices paid later than 60 days, indicating a potential issue with timely payments.
Between Oct 2017 and April 2019, MALTHURST LIMITED has shown a trend of slower payment with an increase in the average time to pay invoices from 17 to 19 days. This is reflected in the slight decrease in the percentage of invoices paid within 30 days and increase in the percentage of invoices paid later than 60 days. However, the company has maintained a consistent standard payment period of 14 days throughout all 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 |
|---|---|---|---|---|---|---|
| 02 Oct 2017 - 01 Apr 2018 | 30 Apr 2018 | 17 | 91% | 5% | 4% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard suppliers - last day of the month following the month of the date of the invoice. Fuel supply contracts (most frequently used fuel terms) - 14 days. Other retail products (Lubricants, Ad Blu etc.) - 30 days from the date of invoice. Standard construction contracts - as per JCT 2011 standard terms, save that for interim payments the terms are 28 days from receipt by the company of the appropriate Valuation in respect of the interim payment properly signed off by the Quantity Surveyor. Local authority rates - paid in 10-12 month instalments. Other contracts - 30 days from the date of the invoice.
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
For all types of contract, the Accounts Payable department will look into any complaint immediately and will respond to confirm why payment has not been made and when payment can be expected. Disputes are usually resolved within 30 days.
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
Malthurst Limited is a UK registered company incorporated in 1997, based in St Albans, Hertfordshire. Its own website currently displays only placeholder domain-parking text and offers no description of trading activity. According to structured company records, its registered nature of business is the retail sale of automotive fuel in specialised stores, indicating it operates or operated within the fuel retail sector. No further detail on premises, brands, or scale of operation is available from the supplied evidence, and the company's public-facing site provides no additional information about products, services, or customers.
Generated from the company's website and Companies House records. Sources: mrhgb.co.uk