JATO DYNAMICS LIMITED
Company number: 02262299
Reporting period:
1 July 2021 to 31 December 2021
Report filed on:
31 January 2022
Approved by:
Iwona Jordan
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 74%
- in 31 to 60 days: 24%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 20%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
The standard payment terms of JATO
Dynamics Ltd are 30 days from date of
invoice. On occasion JATO Dynamics Ltd may
negotiate longer payment terms with specific
suppliers. These payment terms will not be
longer than 60 days from date of invoice.
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
60 days
No further comment provided
Any other information about payment terms
Invoices should be submitted via email to
invoices@jato.com with a copy to the
supplier’s main JATO contact. Invoices must
quote JATO’s order number and where
relevant the supplier’s VAT number. Failure to
comply with these requirements may result in
payments being delayed.
Dispute resolution process
If JATO disputes a submitted invoice in whole
or in part, JATO will notify the supplier of the
dispute within a reasonable time. The supplier
should discuss the dispute with the supplier’s
main JATO contact, and if the dispute cannot
be resolved between the supplier and the
supplier’s main JATO contact within 14 days,
the supplier may escalate the dispute to
Finance.APescalation@jato.com.
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