SC JOHNSON PROFESSIONAL LIMITED
Company number: 00364651
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
26 January 2022
Approved by:
Gina Burnett
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 52%
- in 31 to 60 days: 35%
- in 61 days or more: 13%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
90 days
Standard payment terms
The company does not operate standard payment terms with suppliers, each contract is negotiated separately. The most common transacted payment terms are 30 days’ from invoice, these terms account for 25% of transactions within the period. The most common agreed payment terms are 30 days from invoice date, these terms account for 42% of suppliers transacted within the period. All supplier’s payment terms have remained consistent throughout the reporting period. With regards to different types of qualifying contracts, raw material suppliers most commonly have agreed terms of 30 days’ end of month whereas, services that are supplied to the business most commonly agree to 30 days from invoice date. The maximum agreed terms in use are 90 days from invoice date. The extended payment terms were agreed to by the supplier due to the fact they couldn’t offer a consignment stock agreement.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The Business’ Process for Resolving Disputes Related to Payment - The person responsible for the purchase should raise the dispute with the supplier. The invoice will then be paid once the dispute is resolved or a credit note has been issued.
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