JONES HOMES (NORTH WEST) LIMITED
Company number: 00626625
Reporting period:
1 May 2021
to 31 October 2021
This report was filed on 12 January 2022
and approved by JR Claber
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 33%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
61 days
Standard payment terms
We have a mix of payment terms ranging from 14 days for utilities to end of month plus 30 days for some suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
61 days
Any other information about payment terms
N/A
Dispute resolution process
Disputes are managed by the purchase ledger and subcontract clerks with the suppliers/subcontractors to get a resolution. If the dispute cannot be resolved this is then passed to our legal department to review and advise on accordingly, before they take over the dispute.
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