| 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 2022 - 30 Jun 2022 | 03 Aug 2022 | 31 | 47% | 50% | 3% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The average standard payment terms for Made.com Group Plc is 0 days from date of invoice which makes up of 43% of invoices
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
no
Maximum contractual payment period agreed
30
Suppliers are contacted and advised there is an issue with the invoice. The person responsible for dispute resolution is usually the business representative who has a direct relationship with the supplier and ordered the goods/services from them directly. If it cannot be resolved in a timely manner, then the dispute would be taken over by the director/head of 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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
MADECOM GROUP PLC is a liquidation public limited company, incorporated on 20 April 2021, based in the West Midlands region. Registered business activity: Retail sale via mail order houses or via Internet; Activities of head offices.
From Companies House records.