J.D. WILLIAMS & COMPANY LIMITED
Company number: 00178367
Reporting period:
28 February 2021 to
28 August 2021
This report was filed on 30 September 2021
and approved by Rachel Izzard
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 49%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 34%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Goods for resale – 60 days from creation date (56% of GFR Suppliers) Goods not for resale – 60 days from invoice date (100% of GNFR Suppliers)
Were there any changes to the standard payment terms in the reporting period?
J.D. Williams and Co Ltd have been working with its active supplier base to review terms of payment and revise where appropriate, changes include; payment from date of system creation to date of invoice. 1H22 filing submission will therefore reflect the change and be reported in line with GOV reporting requirements.
Were suppliers notified or consulted about these changes before they were made?
Communication to our supplier base was via email
Maximum contractual payment period agreed
75 days
n/a
Any other information about payment terms
n/a
Dispute resolution process
Queries from suppliers are directed through a central Accounts Payable team. The following service level agreements are in place to ensure we respond to our suppliers within an acceptable time frame: (a) Urgent queries – 24 hours from receipt of query; and (b) Non-urgent queries – 48 hours from receipt of query
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, 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.
Yes
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