| 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 | 29 Jan 2020 | 15 | 83% | 7% | 10% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 10 | 89% | 9% | 2% | 26% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 14 | 88% | 7% | 5% | 23% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms for external suppliers is 30 days. The standard payment terms for inter-company suppliers is 2 days. However, these terms do vary on occasion based on the individual agreements with suppliers.
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
90
Any payment disputes shall in the first instance be Referred to the member of staff managing the contract. If the parties are unable to reach a resolution, it may be referred to the relevant department head and, where necessary, the firm's CFO or the in house General Counsel.
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
Mylotto24 Limited is a UK-registered company incorporated in 2007, initially named Tipp24 UK Limited before adopting its current name later that year. Its registered nature of business is classified as gambling and betting activities. The company remains active on the Companies House register, with its registered office in London. No further detail on specific products, brands or trading operations is available from the evidence supplied, beyond its classification within the betting and gambling industry.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk