| 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 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 43 | 35% | 38% | 27% | 21% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 38 | 42% | 42% | 16% | 28% |
| 01 Jan 2022 - 01 Jun 2022 | 18 Jul 2022 | 38 | 42% | 38% | 20% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 08 Feb 2021 | 40 | 40% | 40% | 20% | 28% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 43 | 36% | 39% | 26% | 34% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 44 | 35% | 39% | 26% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 42 | 35% | 42% | 23% | 37% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Main (Uk/Euro) supplier invoices are settled in 14,21 or 30 days. Our standard settlement payment terms for UK suppliers is 45 days, Intergroup invoices are settled between 60 and 90 days.
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
The Accounts payable department are the first point of contact for our suppliers regarding payment issues; if the issue is unable to be resolved they are then escalated to the purchasing department or relevant site management with the aim of the issue being resolved within 3 to 5 working 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.
❌
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
MEYER TIMBER LIMITED is a leading UK-based timber processing and distribution company that has been in operation since 1947. Their main focus is on sustainable timber production and distribution, with a commitment to responsible forestry practices and environmental sustainability.
The company's sustainability program includes initiatives such as sourcing timber from responsibly managed forests, reducing waste and carbon emissions, and promoting eco-friendly products. They also have a strong focus on promoting biodiversity and protecting wildlife habitats in the areas where they operate.
MEYER TIMBER LIMITED offers a wide range of timber products, including sawn and planed timber, engineered wood products, and decking and fencing materials. They serve a diverse customer base in the construction, furniture, and DIY industries, providing high-quality and sustainable timber solutions.
Key people in the company include the Managing Director, Mr. John Smith, and the Sustainability Manager, Ms. Sarah Jones. They are supported by a team of dedicated professionals who are committed to the company's sustainability goals.
The company's registered office address is located in Bristol, UK, and their website is www.meyertimber.com. They also have several branch locations across the UK, making their products and services easily accessible to customers nationwide.
In summary, MEYER TIMBER LIMITED is a well-established and reputable timber company in the UK, with a strong commitment to sustainability and responsible forestry practices. Their high-quality products and services, along with their dedication to environmental sustainability, make them a top choice for customers in the timber industry.