| 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 Jul 2019 - 31 Dec 2019 | 27 May 2020 | 47 | 24% | 64% | 12% | 27% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 44 | 32% | 58% | 10% | 17% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 46 | 31% | 55% | 14% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 44 | 34% | 55% | 11% | 18% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are to pay undisputed invoices 30 days from the end of the month of 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
60
In the first instance, any queries regarding payment of invoices should be directed to the Accounts Payable Team. We will always endeavor to give legitimate and complete explanations for delayed payment and indicate what action the supplier needs to complete in order to expedite settlement. In common with all businesses, we carry out a full range of checks on all invoices against a number of criteria to ensure that the invoice is valid and correct and therefore deserves to be paid within terms as an undisputed invoice. If an invoice fails to pass all criteria we will advise the supplier as soon as possible, explain the nature of the error/query/failure and explain the corrective action that is needed to bring the invoice to undisputed status and allow payment to proceed in a timely manner. If a supplier feels that they cannot resolve the issue with the relevant Accounts Payable Team and needs to engage with a more senior representative, then MML offers a series of escalation contact points that can be used.
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
Maintenance Management Limited is a UK private limited company, incorporated in 2001 and based in Milton Keynes. Companies House classifies its activity under SIC code 82990, other business support service activities not elsewhere classified. Associated industry tags for the company cover health and safety, payment processing, repair, maintenance and servicing, retail consultancy, risk and compliance, and supply chain management, indicating a business support and consultancy role rather than a single specialist trade. The company remains active, with no evidence in the record of a rebrand or change of trading name. No further detail on specific clients, products or services is available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk