GOV.UK
S.J.BARGH LIMITED
Company number: 00532272
Reporting period:
1 November 2017
to 30 April 2018
This report was filed on 12 July 2018
and approved by T Park
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 54%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 11 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
The standard payment term followed and agreed
with suppliers is 30 days following the end of the
month the invoice is dated i.e. invoice dated
15/05/2017 would have fallen due for payment
on 30/06/17. Alternative payment terms are in
place with certain suppliers at there request
agreed at the point of setting up credit.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Any purchase invoice enquires are initially dealt
with by the finance team. Queries can be
phoned in or sent directly to the purchasing
inbox purchasing@sjbargh.co.uk.
The business activley promotes invoices being
sent electronically to ensure timley payment of
invoices.
All purchase invoices require internal sign off by
the appropraite authorisers to allow purchase
ledger to make payment.
Internal failure to include a timley invoice on a
payment run would be considered on a
case by case basis to allow prompt payment
where required.
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
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