ST JAMES GROUP LIMITED

Company number: 03190056

Reporting period:
1 May 2019 to 31 October 2019

---

This report was filed on 28 November 2019

and approved by Richard Stearn

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 30%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 26%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

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.

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

42 days

St James’ maximum contractual payment period is 42 days. This only applies to relevant subcontractor payments under construction contracts.

Any other information about payment terms

N/A

Dispute resolution process

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.

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.

Yes, this business has signed up to: Prompt Payment Code

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