J O HAMBRO CAPITAL MANAGEMENT LIMITED
Company number: 02176004
Reporting period:
1 October 2017 to 31 March 2018
Report filed on:
27 April 2018
Approved by:
Stephen Lynn
Payment statistics
Average time taken to pay invoices: 27 days
Invoices paid:
- within 30 days: 68%
- in 31 to 60 days: 25%
- in 61 days or more: 7%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 32%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
31 days
Standard payment terms
Standard terms are 30 days from the date the invoice is received.
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
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices flagged by the Approver/Budget Holder are placed on hold while the issue is raised with the relevant supplier. The accounts payable team or the budget holder will contact the supplier, querying the issue depending on level of concern. If the issue can be resolved by the accounts payable team, a credit note and new invoice are requested. If the issue cannot be resolved by the accounts payable team, the dispute is passed to the budget holder who will liaise with the account manager to resolve the issue.
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