Marks Electrical Limited demonstrates a payment profile centred predominantly in the 31-60 day window, with 70% of invoices settled within this band and an average payment time of 44 days. Only 21% of payments are made within the standard 30-day term, indicating a consistent pattern of extended payment behaviour rather than prompt settlement. This distribution suggests a stable, albeit slow, payment cycle with no strong indication of improving towards shorter payment timescales.
Payment behaviour is relatively predictable, with the 31-60 day band accounting for the large majority of transactions, suggesting low volatility in typical payment timing. However, 9% of invoices are paid beyond 60 days, which aligns directly with the reported 9% late payment rate, pointing to a small but consistent tail risk of significantly delayed settlement. Suppliers can expect moderate reliability, with the majority of payments arriving within a foreseeable window, but should account for a minority of invoices requiring active follow-up.
Marks Electrical Limited presents a moderate payment risk profile — predictable in its extended payment pattern but falling short of standard 30-day terms in 79% of cases. Suppliers considering engagement should factor in cash flow implications of a de facto 44-day payment cycle and price or plan accordingly. To mitigate risk, suppliers are advised to implement clear credit terms, set internal escalation triggers at 45 days, and consider credit limits proportionate to their exposure tolerance given the persistent late payment minority.
| 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 2024 - 31 Mar 2025 | 01 May 2025 | 44 | 21% | 70% | 9% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days end of month, giving a blended payment days of 45 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment terms vary amongst suppliers, with local suppliers like gardeners and cleaners wishing to be paid within 7 days, which we adhere to. Most of our significant stock supplier operate on 30 days end for month giving a blended payment days of 45 days.
Maximum contractual payment period agreed
60
Disputes typically arise due to discrepancies in either the quantity or pricing of purchased goods. If we receive an invoice that does not align with our purchase order or goods receipt, we follow one of two processes depending on the nature of the issue. For pricing discrepancies, the invoice is first referred to our buying team, who will either validate or challenge the pricing. If challenged, we compile supporting evidence for our expected price and send it to the supplier for review. The supplier may accept our position or escalate the matter for resolution between their sales team and our buying team. For quantity discrepancies, we contact the supplier directly to request a Proof of Delivery (POD). If their POD supports the invoice, we generally accept the quantity variance unless we have clear evidence that some or all of the items were not delivered.
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
Marks Electrical Limited is a private limited company operating in the electrical retail and supply sector. The company's name indicates a focus on electrical products and services for consumers and businesses across the United Kingdom.
The company is registered in England and Wales under company number 04463433 and holds active status on the Companies House register. Incorporated on 18 June 2002, the business has its registered office at 4 Boston Road, Leicester, England, LE4 1AU, placing it within the East Midlands region.
Electrical retail companies of this type in the UK market typically supply a range of household and commercial electrical goods, including white goods, consumer electronics, and domestic appliances. Such organisations often provide additional services including product installation, delivery, and after-sales support to both residential and trade customers.
With over two decades of operation since its incorporation in 2002, Marks Electrical Limited represents an established presence within the UK electrical goods sector, serving customers from its East Midlands base.