JAMES CROPPER SPECIALITY PAPERS LIMITED
Company number: 04690555
Reporting period:
1 April 2018 to
29 September 2018
This report was filed on 25 October 2018
and approved by Isabelle Maddock
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 44%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 95%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
75 days
Standard payment terms
James Cropper Speciality Papers Limited's standard payment terms state that payment of third party invoices for goods and services will be made within 60 days from receipt of a correct, undisputed and properly due invoice. The remaining contracts are negotiated with individual suppliers as part of their contract.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
75 days
No further comment provided
Any other information about payment terms
Internal payment practice includes weekly payments runs resulting in suppliers receiving payments via electronic banking 3 - 7 business days after the invoice due date. Suppliers receive payments, with 2% of payments received on time and a further 86% of payments received between 1 - 10 days after the due date.
Dispute resolution process
James Cropper Speciality Papers Limited's core values include being committed to our communities and acting with integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed by the dedicated accounts payable team or a procurement specialist.
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, 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