RUNCORN MCP LIMITED

Standard payment terms

For dispute resolution INOVYN Europe Limited provides contact details for the accounts payable department on all purchase orders. In addition suppliers are advised to notify the procurement contact indicated on the purchase order should they have any further enquires or require additional assistance.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

As is the case with a number of businesses in this industry, weekly payment runs are performed. Several payment runs are performed at month end to clear payables due at month end and within the first working week.

Maximum contractual payment period agreed

90

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