GOV.UK
SCOT J C B LIMITED
Company number: SC051692
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 7 May 2021
and approved by Stephen Barker
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 32%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are payment at the end of the month following receipt of the invoice. As part of our fraud prevention measures, suppliers must send a statement of account or other independent confirmation of balance due before payment is made. Other payment terms apply where these have been consulted on and agreed in advance with the supplier concerned.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
We deal with suppliers in a fair, consistent and professional manner. Invoices being disputed or held from payment for any other reason are logged centrally in our computer system so that the reason can be advised to suppliers. If the query cannot be resolved by the accounts payable team the matter is referred to the line manager responsible for authorising that expense with the name of that manager recorded centrally so that suppliers can be informed of the specific person dealing with the delay.
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.No
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