SCJ EURAFNE LTD
Company number: 04166158
Reporting period:
1 January 2018 to 29 June 2018
Report filed on:
27 July 2018
Approved by:
John Hayes
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 47%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 98%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 60 days from the date of invoice. Payment terms are agreed with the supplier at the point of account setup. Payment runs are made on a weekly basis.
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 must be made out with the correct company name and address and sent via post to this adress or via email to VPortalGB2@scj.com. For any disputes or queries, suppliers can also email VPortalGB2@scj.com or phone 01276 852000 and be put through to the relevant team. The team will then investigate any delays or issues in payment in order to resolve any queries as soon as possible.
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.
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