J.P. BODEN & CO. LIMITED
Company number: 02692601
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 31 January 2020
and approved by Paul O'Leary
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 80%
- in 31 to 60 days: 14%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 28 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
The standard contractual length for payment of invoices is 30 days. However, there are exceptions where a number of suppliers are paid directly via our/their banks. These terms are DP sight (Documents against Payment), and payment of the relevant invoice(s) is dependent on when copies of the documents are presented to us. There are numerous instances where shorter/longer payment terms are in place.
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
Disputes relating to invoices/payments are resolved by email or telephone conversations.
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