Score of 89.5/100 qualifies for PaymentCheck Certification
MACE CONSTRUCT LIMITED demonstrates a strong trend of prompt payments, with an average payment time of just 19 days. A significant 90% of invoices are settled within 30 days, indicating a consistent and efficient payment trajectory. This suggests a reliable pattern of quick settlements for the majority of transactions.
While generally reliable, there is a minor degree of volatility, as 15% of payments are classified as late. Specifically, 7% extend into the 31-60 day window and 3% exceed 60 days, introducing some predictability risk for a small portion of invoices. Suppliers should be aware of this small but present risk for delayed payments.
Overall, MACE CONSTRUCT LIMITED is assessed as a low-risk client for suppliers, primarily due to their rapid average payment time and high percentage of on-time settlements. Suppliers should consider the 15% late payment rate and 3% over 60 days as a minor factor, potentially mitigating this by setting appropriate credit terms or payment reminders for larger invoices.
| 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 2025 - 30 Jun 2025 | 29 Jul 2025 | 20 | 88% | 9% | 3% | 17% |
| 01 Jul 2024 - 31 Dec 2024 | 29 Jan 2025 | 19 | 90% | 7% | 3% | 15% |
| 01 Jan 2024 - 30 Jun 2024 | 23 Jul 2024 | 29 | 72% | 19% | 9% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days are our most frequently used terms, although we have agreed longer terms with some of our suppliers. Some suppliers insist on payment on receipt of invoice and these are processed on the next available payment run.
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
60
Our dispute resolution process is published on our website here: https://www.macegroup.com/people/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
MACE CONSTRUCT LIMITED is an active private limited company that specialises in construction services.
Incorporated on 24 November 2015, this London-based company operates under company number 09887082. Its registered office is located at 155 Moorgate, London, England, EC2M 6XB.
Typically, such construction companies in the UK market provide a range of services including the building of new structures, refurbishment and renovation works, and civil engineering projects. These services often extend to comprehensive project management and design-and-build solutions across residential, commercial, and industrial sectors.