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S.J.BARGH LIMITED

Company number: 00532272

Reporting period:
1 May 2017 to 31 October 2017

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

This report was filed on 13 February 2018

and approved by T Park

Payment statistics

Average time taken to pay invoices: 39 days

Invoices paid:

• within 30 days: 34%
• in 31 to 60 days: 64%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 1 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

60 days

Standard payment terms

The standard payment term followed and agreed with suppliers is 30 days following the end of the month the invoice is dated i.e. invoice dated 15/05/2017 would have fallen due for payment on 30/06/17. Alternative payment terms are in place with certain suppliers at there request agreed at the point of setting up credit.

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

No

Maximum contractual payment period agreed

60 days

One qualifying contracts standard payment term
60 days following the end of the month the
invoice is dated.

Any other information about payment terms

N/A

Dispute resolution process

Any purchase invoice enquires are initially dealt with by the finance team. Queries can be phoned in or sent directly to the purchasing inbox purchasing@sjbargh.co.uk.

The business actively promotes invoices being sent electronically to ensure timely payment of invoices.

All purchase invoices require internal sign off by the appropriate authorisers to allow purchase ledger to make payment.

Internal failure to include a timely invoice on a monthly payment run would be considered on a case by case basis to allow prompt payment where required.

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