| 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 |
|---|---|---|---|---|---|---|
| 29 Sept 2019 - 28 Mar 2020 | 03 Sept 2020 | 41 | 35% | 44% | 21% | 0% |
| 01 Apr 2019 - 28 Sept 2019 | 24 Oct 2019 | 39 | 41% | 44% | 15% | 46% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
http://www.macphie.com/wp-content/uploads/2018/09/18-09-terms-and-conditions-of-purchase.pdf
Were there any changes to the standard payment terms in the reporting period?
Yes - 60 to 30 days - new suppliers mainly request 30 days payment terms
Any other information about payment terms
Weekly payment run - Payment made on a Friday and covers invoices from prior Saturday to current Friday
Maximum contractual payment period agreed
90
Direct contact with accounts payable - Accountspayable@macphie.com
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
MACPHIE LIMITED is a food manufacturing company based in Scotland, United Kingdom. The company was founded in 1928 and has since grown to become a leading supplier of food ingredients and solutions to the foodservice and retail industries.
The company's sustainability program is a fundamental part of their business strategy, focusing on reducing their environmental impact and promoting responsible sourcing and production practices. They have implemented various initiatives such as using renewable energy sources, reducing waste and packaging, and promoting sustainable agriculture.
MACPHIE LIMITED offers a wide range of products and services, including bakery mixes, sauces, condiments, desserts, and frozen goods. They also provide recipe development and technical support to their customers.
The company is led by a team of experienced and dedicated individuals, including their Chairman, Alastair Macphie, and Managing Director, Andy Stapley. They are committed to driving the company's growth and maintaining its high standards of quality and sustainability.
For more information on MACPHIE LIMITED and their products and services, you can visit their website at www.macphie.com. Their registered office address is Glenbervie House, Glenbervie Business Park, Stonehaven, Aberdeenshire, AB39 3YG, United Kingdom.