S.J.BARGH LIMITED
Company number: 00532272
Reporting period:
1 May 2017 to 31 October 2017
Report filed on:
13 February 2018
Approved by:
T Park
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 64%
- in 61 days or more: 2%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 1%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
The standard payment term followed and agreed with suppliers is 30 days following the end of the month the invoice is dated i.e. invoice dated 15/05/2017 would have fallen due for payment on 30/06/17. Alternative payment terms are in place with certain suppliers at there request agreed at the point of setting up credit.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
One qualifying contracts standard payment term 60 days following the end of the month the invoice is dated.
Any other information about payment terms
No further comment provided
Dispute resolution process
Any purchase invoice enquires are initially dealt with by the finance team. Queries can be phoned in or sent directly to the purchasing inbox purchasing@sjbargh.co.uk. The business actively promotes invoices being sent electronically to ensure timely payment of invoices. All purchase invoices require internal sign off by the appropriate authorisers to allow purchase ledger to make payment. Internal failure to include a timely invoice on a monthly payment run would be considered on a case by case basis to allow prompt payment where required.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No