JAMES CROPPER SPECIALITY PAPERS LIMITED
Company number: 04690555
Reporting period:
26 September 2021 to
26 March 2022
This report was filed on 9 May 2022
and approved by Isabelle Maddock
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 46%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 90%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
The standard terms of James Cropper Speciality Papers Limited state that payment of third party invoices for goods and services will be made within 60 days from receipt of a correct, undisputed and properly due invoice. The remaining contracts are negotiated with individual suppliers as part of their contract.
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
Internal payment practice includes weekly payment runs resulting in suppliers receiving payments via electronic banking 1 - 4 days after the invoice due date. Suppliers receive payments, with 10% of payments received on time and a further 73% of payments received between 1 - 10 days after the due date.
Dispute resolution process
The core values of James Cropper Speciality Papers Limited include caring and responsible. We endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team or a procurement specialist.
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.
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