MARKERSTUDY GROUP SERVICES LIMITED's average payment time of 38 days clearly indicates a consistent trend of settling invoices beyond standard 30-day terms. Only 45% of payments are made within 30 days, with a significant 43% extending into the 31-60 day window, showing a systemic pattern of delayed processing. The high 63% late payment rate further reinforces a trajectory towards non-adherence to typical credit terms.
The 63% late payment rate demonstrates considerable unpredictability regarding prompt settlement, making cash flow forecasting challenging for suppliers. With 43% of payments falling between 31-60 days and an additional 12% exceeding 60 days, there's a broad range for actual payment receipt. This spread indicates a notable risk of extended payment delays beyond initial expectations, impacting supplier financial planning.
Suppliers should assess MARKERSTUDY GROUP SERVICES LIMITED as a moderate-to-high payment risk due to their consistent lateness and extended payment cycles. Key decision factors include the potential strain on supplier working capital and the need for meticulous invoice tracking. Mitigation strategies could involve negotiating shorter payment terms, requiring partial upfront payments, or implementing late payment fees to compensate for delays.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Suppliers are contacted to notify them if there is an issue with the invoice, service or goods. The business representative who ordered the goods/services from the supplier then works to resolve any issue with their contact at the supplier. The supplier can also contact the finance team regarding payment. Disputes will be escalated up the management chain if not satisfactorily resolved.
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
MARKERSTUDY GROUP SERVICES LIMITED is an active private limited company that provides services. Its company name signifies its function in delivering support within a wider group structure.
The company was incorporated on 25 October 2023 and operates as company number 15236167. Its registered office is located in the South East of England at Markerstudy House, 45 Westerham Road, Sevenoaks, England, TN13 2QB.
As a group services entity, such a company typically specialises in providing centralised administrative, operational, and support functions. These often include human resources, finance, IT, legal, and facilities management services for associated businesses within the same corporate group.