Industry ranking
| 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 Aug 2024 - 31 Jan 2025 | 24 Mar 2025 | 34 | 56% | 39% | 5% | 100% |
| 01 Feb 2024 - 31 Jul 2024 | 29 Aug 2024 | 45 | 55% | 30% | 15% | 0% |
| 01 Aug 2023 - 31 Jan 2024 | 28 Feb 2024 | 33 | 70% | 23% | 7% | 17% |
| 01 Feb 2023 - 31 Jul 2023 | 23 Aug 2023 | 32 | 77% | 17% | 5% | 11% |
| 01 Aug 2022 - 31 Jan 2023 | 28 Feb 2023 | 25 | 85% | 8% | 7% | 15% |
| 01 Feb 2022 - 31 Jul 2022 | 08 Sept 2022 | 26 | 87% | 7% | 6% | 13% |
| 01 Aug 2021 - 31 Jan 2022 | 25 Feb 2022 | 24 | 88% | 5% | 7% | 12% |
| 01 Feb 2021 - 31 Jul 2021 | 02 Sept 2021 | 24 | 88% | 5% | 7% | 0% |
| 01 Aug 2020 - 31 Jan 2021 | 05 Mar 2021 | 28 | 100% | 0% | 0% | 0% |
| 01 Feb 2020 - 31 Jul 2020 | 28 Aug 2020 | 28 | 86% | 7% | 7% | 9% |
| 01 Aug 2019 - 31 Jan 2020 | 26 Feb 2020 | 31 | 75% | 17% | 8% | 23% |
| 01 Feb 2019 - 31 Jul 2019 | 29 Aug 2019 | 11 | 93% | 5% | 2% | 11% |
| 01 Aug 2018 - 31 Jan 2019 | 21 Feb 2019 | 12 | 89% | 9% | 2% | 11% |
| 01 Feb 2018 - 31 Jul 2018 | 30 Aug 2018 | 11 | 92% | 6% | 2% | 7% |
| 01 Aug 2017 - 31 Jan 2018 | 01 Mar 2018 | 12 | 90% | 6% | 4% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard 30 days from invoice date.
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
30
In the first instance any dispute/complaint would be dealt with by the AP team . If the AP team are unable to resolve the issue then it would be escalated to the Group Financial Accountant and if necessary beyond that it would be referred to the Head of Finance and Finance Partner
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
Marks & Clerk LLP is a UK-registered limited liability partnership operating as part of Marks & Clerk, an international intellectual property firm founded in 1887. The firm advises businesses on protecting, enforcing and maximising the value of intellectual property, covering patents, brands and trade marks, designs, litigation and dispute resolution, and commercial IP and contracts. It serves clients across sectors including life sciences, energy and environment, digital transformation and food and drink. The firm operates from offices across the UK, including London, and has a wider international presence spanning Europe, Asia and the Americas. It combines legal, technical and commercial expertise to support clients in protecting and exploiting their intellectual property rights.
Generated from the company's website and Companies House records. Sources: marks-clerk.com · marks-clerk.com