JCDECAUX UK LIMITED
Company number: 01679670
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
29 January 2021
Approved by:
Thibaut Huon de Kermadec
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 23%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 88%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days from invoice date and Company is in receipt of a correct, undisputed and VAT invoice quoting, if applicable, a valid JCDecaux Purchase Order number.
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
To assist JCDecaux in abiding to its standard payment terms all invoices must be addressed and sent to Accounts Payable at the registered address in Brentford, Middlesex. Pdf invoices are also accepted if emailed to the Accounts Payables team at accounts.payable@jcdecaux.com
Dispute resolution process
Orders placed with Suppliers are formalised by issuing a Purchase Order (PO) and invoices not quoting a valid JCDecaux PO number will be returned to the Supplier accompanied with relevant explanation. Disputes are resolved between the relevant JCDecaux internal ‘buyer’ and the Supplier, keeping Accounts Payable advised of reason for dispute or query. The Company strives to resolve all disputes in a fair and timely manner. Upon resolution and after any PO amendments or credit note receipt payment will be processed where necessary.
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.
Yes, this business has signed up to: Prompt Payment Code administered by the Office of Small Business Commissioner on behalf of BEIS.
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