MJL CONTRACTORS LIMITED consistently demonstrates an average payment time of 42 days, indicating a trend of settling invoices outside standard 30-day terms. A significant majority of payments (54%) fall within the 31-60 day window, with only 36% processed within 30 days, suggesting a predictable pattern of extended payment cycles for suppliers.
While the average payment time is 42 days, the 10% of payments extending over 60 days introduces a degree of unpredictability for a small portion of invoices. The 3% categorized as 'Late' represents a minor but present risk factor for significant delays, though the majority of payments are reliably made within the 31-60 day timeframe.
Suppliers engaging with MJL CONTRACTORS LIMITED should anticipate an average payment period of approximately 42 days, planning cash flow accordingly rather than assuming net-30 terms. It is advisable to factor in potential delays for a small percentage of invoices and consider clear payment terms or late payment penalties to mitigate risk on the 3% of consistently late payments.
| 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 2025 - 30 Sept 2025 | 28 Oct 2025 | 42 | 36% | 54% | 10% | 3% |
| 01 Oct 2024 - 31 Mar 2025 | 23 Apr 2025 | 44 | 38% | 51% | 11% | 5% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 46 | 18% | 68% | 14% | 3% |
| 01 Apr 2023 - 30 Sept 2023 | 05 Apr 2024 | 38 | 49% | 42% | 9% | 31% |
| 01 Oct 2022 - 31 Mar 2023 | 05 May 2023 | 44 | 29% | 52% | 19% | 4% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 42 | 6% | 65% | 28% | 1% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 41 | 25% | 62% | 12% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 42 | 21% | 63% | 15% | 3% |
| 01 Oct 2017 - 31 Mar 2018 | 30 Apr 2018 | 42 | 21% | 64% | 13% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
MJL has varying agreements and each depends upon the supplier and / or agreements for cleared invoices, starting at 7 days for some agencies to 60 days from the first of the following month. The latter means an invoice raised on the 1st of the month could not be paid until 89 days later but still within agreed terms.
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
89
Queries are raised with a supplier , at most 5 days from the current month end after internal checking against Purchase orders and agreed price list delivery notes etc. These issues, differences etc. are then resolved through communication with the supplier and once cleared the invoice is released for payment on the next scheduled payment run.
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.
❌
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.
❌
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.
❌
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
MJL CONTRACTORS LIMITED is an active private limited company operating in the contracting sector.
The company was incorporated on 27 January 2006, registered under company number 05689614. Its registered office is Mjl House Cornwall Business Park West, Scorrier, Redruth, England, TR16 5FG, positioning its operations within the South West region.
Companies designated as contractors in the UK typically specialise in delivering services across various fields, including construction, groundwork, civil engineering, and project management. These organisations often undertake projects ranging from building developments to infrastructure improvements and site preparation.