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JACK SEALEY LIMITED

Company number: 01329173

Reporting period:
1 May 2022 to 31 October 2022

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 November 2022

and approved by Gemma Dolman

Payment statistics

Average time taken to pay invoices: 44 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 72%
• in 61 days or more: 9%

Invoices due but not paid within agreed terms: 12 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

75 days

Standard payment terms

30 days end of month

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

The invoice is passed to the person authorised to accept or reject the invoice. In the case of a dispute that person will contact the supplier usually be email to raise the query. The supplier and the authorising person will sort out the dispute and a credit note may be issued. The invoice will then be cleared for payment. If a dispute is unresolved or a complaint arises, the supplier should then contact the person (buyer) within the company who originated the order for the supply of those goods or services under dispute.

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

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