MICK GEORGE RECYCLING LIMITED demonstrates an average payment time of 32 days, with 57% of payments made within 30 days. However, a significant 43% of payments extend beyond 30 days, including 11% taking over 60 days, and 26% are consistently categorized as late.
Payment predictability is moderate; while a majority pay promptly, the 26% late rate and 11% exceeding 60 days introduce notable inconsistency and cash flow challenges for suppliers. This indicates that a substantial portion of invoices will not adhere to standard 30-day terms, requiring careful financial planning.
Suppliers should anticipate an average payment cycle slightly exceeding 30 days, with a clear risk of a quarter of invoices being paid late or significantly delayed. It is recommended to account for these extended payment windows in cash flow forecasts and consider proactive measures like clear credit terms and prompt follow-ups.
| 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 2025 - 31 Dec 2025 | 28 Jan 2026 | 45 | 27% | 57% | 16% | 32% |
| 01 Jan 2025 - 30 Jun 2025 | 30 Jul 2025 | 43 | 35% | 47% | 18% | 33% |
| 01 Oct 2024 - 31 Dec 2024 | 29 Jan 2025 | 32 | 57% | 32% | 11% | 26% |
| 01 Apr 2024 - 30 Sept 2024 | 22 Oct 2024 | 37 | 49% | 33% | 18% | 38% |
| 01 Oct 2023 - 31 Mar 2024 | 10 Jul 2024 | 36 | 10% | 72% | 18% | 38% |
| 01 Apr 2023 - 30 Sept 2023 | 10 Jul 2024 | 35 | 57% | 31% | 12% | 37% |
| 01 Oct 2022 - 31 Mar 2023 | 08 Jul 2024 | 49 | 42% | 25% | 33% | 52% |
| 01 Apr 2022 - 30 Sept 2022 | 08 Jul 2024 | 38 | 46% | 31% | 23% | 51% |
| 01 Oct 2021 - 31 Mar 2022 | 08 Jul 2024 | 43 | 42% | 29% | 29% | 55% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company offers a variety of payment terms to their suppliers depending on individual requirements. These terms are agreed at the point of engagement with a new supplier and may be reviewed periodically once trading relationships have been established.
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
120
Disputes are recorded via the accounts payable team or directly with procurement. The dispute will be logged electronically on the accounts system until a resolution is agreed either directly with the supplier or internally in the relevant department.
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
MICK GEORGE RECYCLING LIMITED is an active private limited company. It specialises in recycling operations.
The company was incorporated on 9 February 2017 with company number 10611481. Its registered office is located at Second Floor, Arena Court, Crown Lane, Maidenhead, Berkshire, England, SL6 8QZ, operating within the South East of England.
Businesses in the recycling sector typically offer services including waste collection, processing, and material recovery. They provide sustainable waste management solutions for various waste streams across the UK market.
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