Company number: 01085646
and approved by JONATHAN RHODES
Average time taken to pay invoices: 37 days
Invoices paid:
Invoices due but not paid within agreed terms: 18%
25 days
45 days
Payment terms will differ depending on the type of supply. Unless otherwise agreed in the purchase order, the company will send payment for any valid invoice for materials or services which it received from the supplier within 45 days from receipt of invoice for suppliers who are large or medium sized companies, and within 25 days from receipt of invoice for suppliers who are small companies. Payments to subcontractors will be made at the end of the period stated on the subcontract order from the assessment date. Payments for Agency services will be made from invoice date and are agreed individually with suppliers. Once payments are made by the Company, they are subject to clearance through the BACS system.
Answer not provided
N/A
45 days
Payment sent 45 days from receipt of invoice. Payment is then subject to clearance through the BACS system.
J.N Bentley is committed to fair payment practices and aspires to pay all suppliers within contractual terms. During 2022 we amended our standard payment terms which resulted in a significant reduction in the average time taken to pay invoices, especially benefitting our small suppliers who we now pay within 25 days of receipt of invoice. The company maintains a fair payment continuous improvement plan which is approved by a Board Director and regularly monitored to ensure objectives are achieved. In certain circumstances, we are precluded from paying within terms due to discussions with suppliers regarding price, delivery, or quality. In these instances, we will endeavor to conclude negotiations as rapidly as possible to facilitate the timely payment of accurate invoices. During 2023 we will apply to become a signatory to the Prompt Payment Code.
The query resolution process is detailed in the Invoicing Guide for Suppliers which is sent at the commencement of a relationship with the company. For queries regarding overdue payment, the supplier should contact the Accounts Payable team by email. For price or quantity queries the issue should be discussed with the originator of the order within the company – the name is clearly displayed on the purchase order sent to the supplier. If suppliers are unable to reach a satisfactory conclusion, an escalation should be raised with the relevant Buyer or member of the Plant team who manages the account. Queries relating to subcontract orders should be directed to the relevant QS within the company. Queries relating to Agency invoices should be directed to the relevant site agent or manager within the company who commissioned the services.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
Yes
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
No
No