P.J.H. GROUP LIMITED
Company number: 01056008
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
4 February 2019
Approved by:
JASON SHAW
Payment statistics
Average time taken to pay invoices: 58 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 33%
- in 61 days or more: 38%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 23%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
PJH Group Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most regularly used terms are 30 days. Terms of 30 days and less are typically used for smaller unincorporated enterprises including subcontractors.
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
110 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
PJH Group Limited actively seeks to resolve disputes by discussing them with the relevant supplier(s). This typically involves members of the accounts payable and credit control departments and /or the procurement and commercial teams with escalation to members of management and finance leaders.
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.
Yes
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