---
title: "MARKS ELECTRICAL LIMITED - Payment Practices"
date: 2025-05-01
url: https://paymentcheck.co.uk/company-search/04463433/marks-electrical-limited
description: "View payment practices for MARKS ELECTRICAL LIMITED. Average time to pay: 44 days."
---

# MARKS ELECTRICAL LIMITED

## Company Information

- **Company Number:** 04463433
- **Status:** Active
- **Company Type:** Private limited Company
- **Incorporated:** 18 June 2002
- **Registered Address:** 4 Boston Road, Leicester, England, LE4 1AU
- **Industry:** Supply Chain
- **Region:** East Midlands

## Payment Statistics

- **Average Time to Pay:** 44 days
- **Invoices Paid Within 30 Days:** 21%
- **Invoices Paid Between 31-60 Days:** 70%
- **Invoices Paid Later Than 60 Days:** 9%
- **Invoices Not Paid Within Agreed Terms:** 9%

## Payment Terms

- **Standard Payment Terms:** Our standard payment terms are 30 days end of month, giving a blended payment days of 45 days.
- **Shortest Payment Period:** 30 days
- **Longest Payment Period:** 60 days
- **Maximum Contractual Period:** 60 days

## Payment Practices

- **Payment Terms Changed:** Not available
- **Suppliers Notified of Changes:** Not available
- **E-Invoicing Offered:** False
- **Supply Chain Financing Offered:** False
- **Participates in Payment Codes:** No

## Dispute Resolution

Disputes typically arise due to discrepancies in either the quantity or pricing of purchased goods. If we receive an invoice that does not align with our purchase order or goods receipt, we follow one of two processes depending on the nature of the issue.

For pricing discrepancies, the invoice is first referred to our buying team, who will either validate or challenge the pricing. If challenged, we compile supporting evidence for our expected price and send it to the supplier for review. The supplier may accept our position or escalate the matter for resolution between their sales team and our buying team.

For quantity discrepancies, we contact the supplier directly to request a Proof of Delivery (POD). If their POD supports the invoice, we generally accept the quantity variance unless we have clear evidence that some or all of the items were not delivered.

## Summary

Marks Electrical Limited is a private limited company operating in the electrical retail and supply sector. The company's name indicates a focus on electrical products and services for consumers and businesses across the United Kingdom.

The company is registered in England and Wales under company number 04463433 and holds active status on the Companies House register. Incorporated on 18 June 2002, the business has its registered office at 4 Boston Road, Leicester, England, LE4 1AU, placing it within the East Midlands region.

Electrical retail companies of this type in the UK market typically supply a range of household and commercial electrical goods, including white goods, consumer electronics, and domestic appliances. Such organisations often provide additional services including product installation, delivery, and after-sales support to both residential and trade customers.

With over two decades of operation since its incorporation in 2002, Marks Electrical Limited represents an established presence within the UK electrical goods sector, serving customers from its East Midlands base.

---

*Data sourced from official UK government payment practices reports. Last updated: 2025-05-01*