MACQUARIE ROPEMAKER LIMITED's average payment time of 52 days consistently exceeds standard 30-day terms, indicating a normalized pattern of delayed settlements. While 51% of invoices are settled within 30 days, a significant 49% are consistently paid late, revealing a persistent trend of extended payment cycles.
The payment distribution, with 49% of payments being late and 24% extending beyond 60 days, introduces considerable volatility and unpredictability for suppliers. This significant variability in payment timing creates challenges for reliable cash flow forecasting and heightens the risk of unexpected payment delays.
Overall, MACQUARIE ROPEMAKER LIMITED presents a moderate-to-high payment risk due to its consistent lateness and a substantial portion of payments exceeding 60 days. Suppliers should consider implementing stricter payment terms, potentially requesting partial upfront payments or utilizing credit insurance, and closely monitoring payment performance to mitigate potential cash flow impact.
| 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 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 44 | 55% | 20% | 25% | 45% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 52 | 51% | 25% | 24% | 49% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 53 | 38% | 23% | 39% | 63% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 63 | 46% | 18% | 36% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt of a valid invoice. In some circumstances Macquarie may agree to an alternative payment terms with a supplier based on a specific project, transaction, series of transactions or criticality.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Intercompany charges relating to the provision of back office services are settled immediately via intercompany funding hubs. As such, data relating to these charges has been excluded so as to accurately represent Macquarie’s payment practices.
Maximum contractual payment period agreed
30
Suppliers may raise queries directly with their Macquarie business contact or alternatively with the dedicated procurement support team referred to on Macquarie’s Supplier Portal – https://www.macquarie.com/uk/about/company/suppliers
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
MACQUARIE ROPEMAKER LIMITED operates as an active Private limited Company, a standard legal entity within the UK business environment.
The company was incorporated on 11 July 2007 and is registered under company number 06309906. Its official registered office is situated at Ropemaker Place, 28 Ropemaker Street, London, EC2Y 9HD.
Private limited companies in the UK typically engage in a diverse range of commercial activities, from manufacturing and retail to professional services and property investment. This corporate structure offers limited liability protection to its shareholders, separating personal assets from business liabilities.