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JAMES CROPPER PUBLIC LIMITED COMPANY

Company number: 00030226

Reporting period:
28 March 2021 to 25 September 2021

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This information is as reported by the business, and responses are in their own words.

This report was filed on 8 November 2021

and approved by Isabelle Maddock

Payment statistics

Average time taken to pay invoices: 17 days

Invoices paid:

• within 30 days: 88%
• in 31 to 60 days: 12%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 98 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

75 days

Standard payment terms

James Cropper Plc is the parent company of the James Cropper Group. The Group's standard payment terms state that payment of third party invoices for goods and services will be made within 60 days of receipt of a correct, undisputed and properly due invoice. The remaining contracts are negotiated with individual suppliers as part of their contract.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

75 days

Any other information about payment terms

Internal payment practice includes weekly payment runs resulting in suppliers receiving payments via electronic banking 1 - 4 business days after the invoice due date. Suppliers receive payments, with 2% of payments received on time and a further 73% of payments received between 1 - 10 days after the due date.

Dispute resolution process

James Cropper Group's values include caring and responsible. We therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team or a procurement specialist.

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.

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