JOHN REILLY (CIVIL ENGINEERING) LIMITED
Company number: 01987435
Reporting period:
1 September 2018 to 28 February 2019
Report filed on:
28 June 2019
Approved by:
Yip Lieu
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 66%
- in 61 days or more: 31%
Late and disputed:
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
Standard payment terms
We have historically paid the bulk of our suppliers around the 15th of each month which coincides with the timing of our clients’ receipts. Our suppliers have supported this because of a long standing trading relationship built up over the years and the fact we have always been on time with our payment.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
When possible, suppliers are informed by a telephone call of any invoice queries in the first instance, otherwise we email credit control with the copy of the disputed invoice giving the reason for the dispute.
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