Industry ranking
Score of 97.3/100 qualifies for PaymentCheck Certification
| 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 2021 - 30 Sept 2021 | 21 Oct 2021 | 15 | 98% | 2% | 0% | 10% |
| 01 Oct 2020 - 31 Mar 2021 | 27 Apr 2021 | 16 | 97% | 3% | 0% | 5% |
| 01 Oct 2019 - 31 Mar 2020 | 28 Apr 2020 | 17 | 94% | 5% | 1% | 7% |
| 01 Apr 2019 - 30 Sept 2019 | 22 Oct 2019 | 24 | 84% | 12% | 4% | 17% |
| 01 Oct 2018 - 30 Mar 2019 | 06 Jun 2019 | 21 | 84% | 13% | 3% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The most common terms are for Majedie Asset Management (“Majedie”) to pay valid and appropriately issued invoices within 30 calendar days of receipt, except where specifically agreed otherwise with the supplier. Terms are ordinarily agreed in advance, sometimes as stated on supplier term sheets, invoices or website, or more formally on a contractual basis. Any payment terms agreed in excess of 30 days should not ordinarily exceed 60 days. The majority of payments are made directly by Majedie although some are actioned by suppliers under direct debit mandates. To ensure prompt payment, supplier invoices and queries should be emailed to finance@majedie.com
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Majedie aims to resolve disputes on a timely basis through discussion with the relevant supplier.
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
Majedie Asset Management Limited is a UK-registered company incorporated in 2002. Its registered activity, according to Companies House records, is security and commodity contracts dealing, and it is categorised under wealth, asset and investment management, investment banking and corporate finance, and private equity and venture capital industries. The company's own website is not currently active, showing only a parked domain page, so no further detail on specific services, clients or investment strategies can be confirmed. Based on the official company name and its registered classification, the business operates within the asset management space, though the scope of its current trading activity cannot be verified beyond these structured records.
Generated from the company's website and Companies House records. Sources: majedie.com