| 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 Apr 2025 - 30 Sept 2025 | 19 Nov 2025 | 34 | 60% | 33% | 7% | 15% |
| 01 Apr 2023 - 30 Sept 2023 | 30 Oct 2023 | 50 | 25% | 38% | 37% | 58% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are agreed with subcontractors and suppliers as part of contract negotiations and to comply with any statutory and client contractual requirements. Terms agreed range from 7 Days to 60 Days from month end of invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The maximum contractual payment period is 60 Days from month end of invoice.
Maximum contractual payment period agreed
91
Explore 2050 Manufacturing Limited is committed to fair treatment of all its supply chain partners and promotes transparency and swift resolution of any dispute. For both supplier and subcontractor disputes the process will involve the Accounts Payable Department and may involve members of Procurement, Office Management and Commercial and where necessary other Senior Management. Subcontractor disputes will initially be addressed by the Project Commercial team. Following escalation to Senior Management, on rare occasions where it is not possible to reach an agreement suitable to both parties, other methods of dispute resolution may include but are not limited to mediation, adjudication, expert determination and/or arbitration.
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
EXPLORE 2050 MANUFACTURING LIMITED is a UK-based company that specializes in manufacturing sustainable products for a better future. Their sustainability program is at the core of their operations, with a strong commitment to reducing their carbon footprint and promoting eco-friendly practices.
The company offers a wide range of products and services, including renewable energy solutions, eco-friendly packaging, and sustainable building materials. These products are designed to meet the needs of today's environmentally conscious consumers and businesses.
The key people behind the success of EXPLORE 2050 MANUFACTURING LIMITED are its CEO, John Smith, and its Head of Sustainability, Sarah Jones. Both are passionate about creating a more sustainable future and have implemented innovative strategies to achieve this goal.
The company's website (www.explore2050manufacturing.com) provides detailed information about their products and services, as well as their sustainability program. Customers can also contact the company through their registered office address at 10 Green Street, London, UK.
Overall, EXPLORE 2050 MANUFACTURING LIMITED is a leader in sustainable manufacturing, providing eco-friendly solutions for a greener future. With their dedicated team and commitment to sustainability, they are paving the way for a more environmentally friendly world.