JAMES FISHER NUCLEAR LIMITED
Company number: SC204768
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
3 February 2020
Approved by:
Joanne Burke
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 46%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 9%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Unless otherwise agreed the Company will pay undisputed invoice(s) within sixty (60) days of receipt of the invoice
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoices received that have not been Goods Received on the JFN system are automatically placed in Dispute. Each JFN site runs the "Disputed Invoice" report weekly and pro-actively tries to resolve the issue. If the supplier has invoiced for goods / services too early the invoice will be returned to the supplier who are requested to re-invoice with a revised date. If a genuine dispute that cannot easily be resolved JFN accounts will communicate with the supplier limiting their payment expectations. The JFN Buyer / Project Manager will be in contact with the supplier to endeavour to resolve issues. Purchase Ledger will be in liaison with each JFN for regular updates as to progress made. The issue will be escalated to Director level if invoices are in dispute for longer than 3 months with no progress made.
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.
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