Score of 91.5/100 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 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 14 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 25 Jan 2023 | |||||
| 01 Jan 2022 - 30 Jun 2022 | 30 Jul 2022 | |||||
| 01 Jul 2021 - 31 Dec 2021 | 29 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 22 Jan 2021 | 33 | 86% | 9% | 5% | 5% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 19 | 89% | 7% | 3% | 11% |
| 01 Jul 2019 - 31 Dec 2019 | 17 Feb 2020 | 27 | 59% | 40% | 2% | 52% |
| 01 Jan 2019 - 30 Jun 2019 | 29 Aug 2019 | 28 | 49% | 48% | 3% | 62% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 17 | 92% | 8% | 0% | 85% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 24 | 58% | 36% | 6% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All invoices to include a valid purchase order number will be paid 30 days from date of invoice/receipt of invoice, whichever is later unless contractually agreed.
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 received without a Purchase Order number are rejected by Accounts Payable and returned to supplier without payment. The supplier is asked to liaise with who engaged them to obtain a PO number which is then quoted on the invoice and forwarded to Accounts Payable for payment.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
CABOT FINANCIAL (MARLIN) LIMITED is a financial services company that specializes in debt purchasing and collections. The company is committed to sustainable practices and has a strong focus on responsible and ethical debt management.
Their sustainability program includes measures to reduce their carbon footprint, promote diversity and inclusion in the workplace, and support local communities through charitable initiatives. They also prioritize responsible lending practices and offer support and resources to help customers manage their debt.
CABOT FINANCIAL offers a range of products and services, including debt purchase, collections, and debt management solutions for individuals and businesses. They work with a wide range of creditors, including major banks, credit card companies, and utility companies.
The key people at CABOT FINANCIAL (MARLIN) LIMITED include CEO Ken Stannard and Managing Director Craig Buick. They have a team of experienced professionals who are dedicated to helping customers find sustainable solutions for their debt management.
The company's website address is https://www.cabotfinancial.co.uk/ and their registered office address is Marlin House, 16-22 Grafton Road, Worthing, West Sussex, BN11 1QP, United Kingdom. Customers can also contact them by phone at 0345 849 8888 or by email at info@cabotfinancial.com for any inquiries or assistance.
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