| 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 Jan 2019 - 30 Jun 2019 | 19 Aug 2019 | 23 | 86% | 12% | 2% | 30% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Apr 2019 | 30 | 66% | 25% | 9% | 37% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Apr 2019 | 45 | 59% | 24% | 16% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from invoice date.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
We pay a significant number of invoices in relation to research grants. Invoices for research have to be in line with our research terms and conditions to be paid. A significant number of late payments are in relation to research grant invoices which were not submitted in line with our research terms and conditions.
Maximum contractual payment period agreed
60
If there is an unresolved dispute with an invoice then you should email accountspayable@mssociety.org.uk for the attention of the Transaction Processing Manager with details of the dispute and we will investigate. You should get a reply within 2 working days
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
This is the registered entity for the Multiple Sclerosis Society, a UK charity dedicated to supporting people affected by Multiple Sclerosis, including those diagnosed, carers, family and friends. The organisation operates through local volunteer-run groups, such as the Reading, Wokingham and Districts Group, which provide welfare support, emotional and practical help, information about living with MS, financial grants for equipment and adaptations, and social activities including drop-in sessions and events. Funds raised locally go directly towards these services. The Society also produces member publications and runs information events with guest speakers. It describes itself as the UK's largest organisation dedicated to supporting people with MS.
Generated from the company's website and Companies House records. Sources: msreading.org.uk · msreading.org.uk