| 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 2019 - 31 Dec 2019 | 30 Jan 2020 | 21 | 93% | 3% | 4% | 9% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms vary according to the nature of the goods or services that we require but, in general, our standard payment terms for suppliers are 30 days from the date of receipt of a non-disputed invoice. There is one notable exception, which is in relation to agency or recruitment suppliers where our standard terms are 14 days from the commencement date of the candidate’s engagement.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
NA
Maximum contractual payment period agreed
45
If at any time any question, dispute or difference arises between Mako and a vendor, such question, dispute or difference should be raised by the vendor to its Mako contact managing their relationship, who may escalate if necessary. Formal dispute processes are detailed in contracts with vendors.
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
Mako Global Derivatives Partnership LLP is a UK limited liability partnership registered in London and forms part of the Mako group. The wider Mako group provides liquidity to global derivatives markets, principally through options market making, using proprietary trading technology developed over more than two decades. Mako traces its origins to 1999 and has grown into a global operation with offices across Europe, Asia Pacific and Australia. This entity represents part of that group's corporate structure rather than a separately branded trading operation, sitting within the group's derivatives trading and market-making business.
Generated from the company's website and Companies House records. Sources: mako.com