J. MURPHY & SONS LIMITED
Company number: 00492042
1 January 2018
to 30 June 2018
This report was filed on 24 July 2018
and approved by David Burke
Average time taken to pay invoices: 66 days
- within 30 days: 11%
- in 31 to 60 days: 46%
- in 61 days or more: 43%
Invoices due but not paid within agreed terms: 66 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
The standard payment terms for J. Murphy & Sons Ltd are 45 days from month end of invoice.
However, where necessary, J. Murphy & Sons Ltd is committed to being flexible in its approach, reviewing and agreeing terms and conditions during contract negotiations.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
J. Murphy & Sons Ltd are committed to fair treatment of its supply chain. The Accounts Payable Shared Services Centre within the UK manages the interface between the business and its supply chain.
Disputes that cannot be resolved by the Accounts Payable Shared Service Centre are escalated to the procurement team who are organised by business unit. Should the responsible procurement team member fail to resolve a dispute then an internal escalation process is followed. The procurement Authority Matrix levels are- Procurement Manager, Senior Procurement Manager, Head of Procurement and Procurement Director.
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 – Network Rail Fair Payment Charter
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?