Score of 82.6/100 qualifies for PaymentCheck Certification
The average time taken for MAST-JAEGERMEISTER UK LIMITED to pay invoices has been fluctuating over the past five years, with a peak of 26 days in 2018 and a low of 14 days in 2020. However, overall there has been a slight decrease in the average time taken to pay invoices, from 26 days in 2018 to 23 days in 2022.
The average time taken to pay invoices has shown some volatility, with a difference of 12 days between the highest and lowest values. However, this volatility has decreased over the past three periods, with a difference of only 4 days between the highest and lowest values.
From 2018 to 2021, MAST-JAEGERMEISTER UK LIMITED has maintained a relatively consistent average time to pay invoices, ranging from 20 to 24 days. However, in 2022 there was a slight increase to 29 days and in 2023 a decrease to 22 days. The percentage of invoices paid within 30 days has remained consistently high, ranging from 78% to 86%. However, there has been a decrease in the percentage of invoices paid between 31 and 60 days, from 18% in 2018 to 12% in 2023. The lowest percentage of invoices paid later than 60 days was in 2020 at 2%, while the highest was in 2022 at 8%. The percentage of invoices not paid within agreed terms has also been relatively consistent, ranging from 35% to 50%.
| 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 2023 - 31 Dec 2023 | 30 Jan 2024 | 23 | 82% | 16% | 2% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Jul 2023 | 22 | 86% | 12% | 2% | 35% |
| 01 Jul 2022 - 31 Dec 2022 | 18 Jan 2023 | 23 | 83% | 13% | 4% | 43% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 29 | 78% | 14% | 8% | 47% |
| 01 Jul 2021 - 31 Dec 2021 | 18 Jan 2022 | 36 | 85% | 11% | 4% | 38% |
| 01 Jan 2021 - 30 Jun 2021 | 12 Jul 2021 | 24 | 86% | 11% | 3% | 38% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 14 | 94% | 4% | 2% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | 23 | 86% | 10% | 4% | 42% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 20 | 86% | 11% | 3% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Jul 2019 | 24 | 79% | 16% | 5% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 24 | 78% | 18% | 4% | 54% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Jul 2018 | 26 | 78% | 16% | 6% | 50% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are 30 days however smaller entities have 7 day 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
30
All queries are handled through a specific email box and handled promptly by an experienced AP person
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
Mast-Jaegermeister UK Limited is the UK entity of the Mast-Jägermeister group, registered for the wholesale of wine, beer, spirits and other alcoholic beverages. Its website presents the Jägermeister brand to UK visitors, requiring age verification before entry due to the alcoholic nature of the products. The site's own material emphasises ongoing improvement of the company and its products as part of its corporate approach. Based in Camberley, Surrey, the company operates as the UK arm supporting distribution and promotion of the Jägermeister liqueur brand within Great Britain, rather than manufacturing the product itself, which is produced by the wider international group.
Generated from the company's website and Companies House records. Sources: mast-jaegermeister.co.uk