JAMES JONES & SONS LIMITED
Company number: SC005832
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
2 February 2023
Approved by:
Stuart Roberts
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 50%
- in 61 days or more: 14%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 10%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
Answer not provided
Standard payment terms
James Jones & Sons standard payment terms are for goods and services to be paid on the 12th of the second month following the date of invoice. This means the terms can vary between 40 and 74 days. There are several suppliers with shorter payment terms agreed on a written basis.
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
74 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
James Jones & Sons endeavour to resolve all disputes in a fair and timely manner. They are resolved by discussions between the supplier, Accounts Payable team and the appropriate cost centre manager of the goods / services and when not possible, it is escalated to Director level.
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