J.D. WILLIAMS & COMPANY LIMITED

Company number: 00178367

Reporting period:
29 August 2021 to 25 February 2022

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This report was filed on 29 March 2022

and approved by Rachel Izzard

Payment statistics

Average time taken to pay invoices: 53 days

Invoices paid:

• within 30 days: 17%
• in 31 to 60 days: 52%
• in 61 days or more: 31%

Invoices due but not paid within agreed terms: 38%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Goods for resale – 60 days 56% of GFR Suppliers from creation date 44% of GFR Suppliers from invoice date Goods not for resale – 60 days 100% of GNFR Suppliers are payable from invoice date.

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

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

75 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Queries from suppliers are directed through a central Accounts Payable team. The following service level agreements are in place to ensure we respond to our suppliers within an acceptable time frame: (a) Urgent queries – 24 hours from receipt of query; and (b) Non-urgent queries – 48 hours from receipt of query The initial contact point for suppliers: Suppliers email: Ap@jdwilliams.co.uk

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, 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.

Yes

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