Payment performance statistics
The government requires us to publish payment performance statistics:
After March 2016, all in-scope organisations must publish, on an annual basis and covering the previous 12 months, (i) the percentage of their invoices paid within 30-days and ii) the amount of interest paid to suppliers due to late payment.
The information is published in tables below, broken down into each of our companies that made up the Magna Housing Group prior to amalgamation (1 April 2017):
CSW = Charter South West Ltd
MHG = Magna Housing Group Ltd
MHA = Magna Housing Association Ltd
MWS = Magna West Somerset Housing Association Ltd
We show information for the previous two financial years: 1 April 2016 to 31 March 2017 (companies split out) and 1 April 2017 to 31 March 2018 (one amalgamated organisation).
Creditors' Days 2016-17
|Percentage paid within 30 days||Interest Charged|
For Magna Housing Limited from April 1 2017 to March 31 2018, we paid 80% of invoices within 30 days and were charged no interest.