Company number: 03190056
and approved by Richard Stearn
Average time taken to pay invoices: 31 days
Invoices paid:
Invoices due but not paid within agreed terms: 16%
30 days
42 days
St James’ standard purchase order payment terms for suppliers requires payment to be made within 30 days from the receipt of a valid invoice. St James’ standard construction contract payment terms for subcontractors is 42 days following the subcontractor’s valid application for payment.
Answer not provided
N/A
42 days
St James’ maximum contractual payment period is 42 days. This only applies to relevant subcontractor payments under construction contracts.
N/A
Any dispute or difference between the parties are subject to the laws of England and Wales and the jurisdiction of the English courts. Payment under construction contracts is subject to statutory adjudication pursuant to the Housing Grant, Construction and Regeneration Act 1996. Only a very small proportion of our payments become the subject to the adjudication and/or court proceedings.
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
Yes, this business has signed up to: Prompt Payment Code
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No