MJL HOLDINGS SW LIMITED exhibits a strong positive trend in payment speed, evidenced by an average payment time of just 16 days. A significant 82% of invoices are consistently paid within 30 days, indicating efficient and predictable payment practices over time.
While the majority of payments are prompt, there is a minor degree of volatility with 14% of invoices taking 31-60 days and 3% exceeding 60 days. However, the extremely low "late" payment percentage of 1% suggests high overall reliability and minimal risk of chronic or severe payment delays.
MJL HOLDINGS SW LIMITED presents a very favorable payment profile for suppliers, with key decision factors pointing towards reliable and timely remuneration. Suppliers can proceed with confidence, though for the small percentage of invoices that might experience minor delays, standard payment terms and proactive communication on due dates are recommended risk mitigation strategies.
| 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 2019 - 30 Sept 2019 | 30 Oct 2019 | 16 | 82% | 14% | 3% | 1% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 16 | 85% | 12% | 2% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 16 | 90% | 4% | 4% | 2% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 16 | 90% | 4% | 4% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30-45 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
45
Invoices queried at the earliest possible time and paid once credit received / query resolved
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
MJL HOLDINGS SW LIMITED operates as a private limited company. The "Holdings" in its name indicates its function as a holding company, typically involved in managing or owning shares in other companies or assets.
Incorporated on 13 February 2001, MJL HOLDINGS SW LIMITED is an active private limited company registered in the United Kingdom under company number 04158825. Its registered office is located at Mjl House Cornwall Business Park (West), Scorrier, Redruth, Cornwall, TR16 5FG, placing its operations within the South West.
As a holding company, MJL HOLDINGS SW LIMITED focuses on strategic asset management and the ownership of shares in other businesses. This structure commonly facilitates centralised management, investment in subsidiary companies, and oversight of a group's operations within the UK market.