CROCKETT AND JONES LIMITED
Company number: 00451921
Reporting period:
1 March 2018 to 31 August 2018
Report filed on:
28 September 2018
Approved by:
JPM Jones
Payment statistics
Average time taken to pay invoices: 32 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 43%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
45 days
Standard payment terms
Non-discounted payments are generally made in the following month, by way of two payment runs. Discounted payments are made on a variety of terms, ranging from 7 days to 30 days. These are made by weekly payment runs. Some payments (e g for utilities) are paid by direct debit, typically in 7 to 14 days.
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
80 days
50 days end of month.
Any other information about payment terms
No further comment provided
Dispute resolution process
Dialogue between accounts departments, buying and selling staff, and management if necessary. There may be queries or disputes over, for example, price, quantity, quality or validity of charge. Delays in receiving a credit note will have the effect of extending the time taken to settle an invoice.
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