J & J ORMEROD PLC
Company number: 00931323
Reporting period:
1 March 2019 to 31 August 2019
Report filed on:
27 September 2019
Approved by:
Stephen Greenhalgh
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 58%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
88 days
Standard payment terms
30 days at the end of the month 60 days at the end of the month 30 days at date of invoice Depending on agreed contract Terms may vary in accordance with individual agreements with suppliers
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
J & J Ormerod Plc payment disputes are initially reported to the supplier contact, where they will provide evidence of the dispute and will escalate to their line managers until the dispute is resolved. Purchase ledger will always be included within the communications for continuity and appropriate action
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.
Yes
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