The data for MANCHESTER AIRPORT GROUP PROPERTY DEVELOPMENTS LIMITED shows a steady decrease in the average time taken to pay invoices over the three periods, from 61 days in the first period to 39 days in the last period.
The data also shows a decrease in the percentage of invoices paid later than 60 days, from 27% in the first period to 12% in the last period. However, there is some volatility in the percentage of invoices paid within 30 days, with a decrease from 46% in the second period to 35% in the third period.
The data for MANCHESTER AIRPORT GROUP PROPERTY DEVELOPMENTS LIMITED shows a positive trend towards paying invoices earlier, with a decrease in the average time taken to pay and a decrease in the percentage of invoices paid later than 60 days. The company also consistently pays invoices within the agreed terms, with the percentage not paid within agreed terms remaining below 50% in all three periods.
| 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 2018 - 31 Mar 2019 | 01 Nov 2019 | 48 | 46% | 37% | 17% | 54% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Nov 2019 | 61 | 38% | 35% | 27% | 62% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payments due 28 days from document date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
28
Any payment queries are submitted to a generic email address or alternatively by telephone to the Accounts Payable Team.
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
Manchester Airport Group Property Developments Limited (MAGPD) is a property development company that is a part of the Manchester Airport Group. The company is involved in developing and managing commercial, retail, and industrial properties across the UK.
Sustainability is a key focus for MAGPD, and the company has implemented various initiatives to reduce their environmental impact. These include using renewable energy sources, reducing waste and promoting sustainable construction practices.
MAGPD offers a range of products and services, including commercial and retail space for lease, property management services, and development opportunities. The company also provides bespoke solutions for businesses looking to relocate or expand their operations.
The key people at MAGPD include Managing Director, Charlie Cornish, and Director of Property Development, Tim Williams. They lead a team of experienced professionals who are dedicated to delivering high-quality and sustainable property developments.
For contact information, MAGPD's website is www.magpd.co.uk. Their registered office address is Manchester Airport, Manchester, M90 1QX, United Kingdom. Overall, MAGPD is committed to creating sustainable and innovative property developments that contribute to the growth and success of businesses in the UK.