JAMES DONALDSON & SONS LIMITED
Company number: SC010528
Reporting period:
1 October 2020 to 31 March 2021
Report filed on:
23 April 2021
Approved by:
Andrew Donaldson
Payment statistics
Average time taken to pay invoices: 24 days
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 14%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 16%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
365 days
Standard payment terms
The majority of our contract terms are 30 days, with others being 7, 14, 21 or 28 days. There are a few that are paid in instalments over a 365 day period.
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
365 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If there is a dispute, the person who would authorise the invoice, depending on which department the invoice is authorised by, would contact the relevant person to raise the query or dispute and bring the matter to a resolution by communicating with the relevant contact with the supplier
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