J.N. BENTLEY LIMITED
Company number: 01085646
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
JOHN GREENWOOD
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 16%
- in 31 to 60 days: 59%
- in 61 days or more: 25%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 99%
Payment terms
Shortest standard payment periods
36 days
Longest standard payment period
81 days
Standard payment terms
Payment terms will differ depending on the type of supply. Unless otherwise agreed in the purchase order, the company will pay any valid invoice for materials or services which it received from the supplier on the eighth day of the second month following date of the invoice, and for plant hire on the twentieth day of the second month following date of invoice. Payments to subcontractors become due at the end of the period stated on the subcontract order from the assessment date. Payments for Agency services become due from invoice date and are agreed individually with suppliers.
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
81 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The query resolution process is detailed in the E-invoicing Guide for Suppliers which is sent at the commencement of a relationship with the company. For queries regarding overdue payment, the supplier should contact the Accounts Payable team by either phone or email. For price or quantity queries the issue should be discussed with the originator of the order within JNB – the name is clearly displayed on the purchase order sent to the supplier. If suppliers are unable to reach a satisfactory conclusion, an escalation should be raised with the relevant Buyer or member of the Plant team who manages the account. Queries relating to subcontract orders should be directed to the relevant QS within the company. Queries relating to Agency invoices should be directed to the relevant site agent or manager within the company who commissioned the services.
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