JAS BOWMAN & SONS LIMITED
Company number: 00189717
Reporting period:
2 October 2017 to
1 April 2018
This report was filed on 30 April 2018
and approved by Lorraine Muller
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 29%
- in 31 to 60 days: 60%
- in 61 days or more: 11%
Invoices due but not paid within agreed terms: 52%
Payment terms
Shortest standard payment periods
28 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms for UK (GBP) contracts is 60 days. For contracts in foreign currencies our standard payment terms is end of the month from invoice date plus 28 days.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
For invoices involving stock, queries are raised by purchasing/accounts and require a signed copy of the delivery note from the supplier. Upon receipt of the delivery note, an investigation is conducted to see where any discrepancies have occurred. This process will usually take up to 3 weeks. For any other invoices not involving stock, queries are raised by the individual that placed the order and must be resolved between themselves and the supplier before being passed for payment.
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 Prompt 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