Company number: 02432592
and approved by Ian Bell
Average time taken to pay invoices: 52 days
Invoices paid:
Invoices due but not paid within agreed terms: 90%
0 days
150 days
Unless agreed otherwise, between James Walker & Co Ltd & the supplier, standard payment terms of 60 days from invoice date apply.
Answer not provided
N/A
120 days
No further comment provided
It is normal practice for James Walker & Co Ltd to make payments to third party suppliers once per week, this covers approved invoices that are due up to and including the date of payment. As a result of this payment practice invoices which fall due between payment dates are, by definition, overdue when paid. Though this is not written into formal contracts with suppliers, they are aware of this practice. Adjusting for the effect of weekly payments gives a figure of 15% of third party payments made outside of agreed terms. For third party payments made within the period, outside of agreed terms, the average number of days overdue is 7.
Any invoice disputes will be raised with the supplier by the member of the purchasing department responsible for placing the order. The purchasing department liaise with the supplier to resolve the issue. Feedback is provided to the accounts payable department, by the purchasing department, via the invoice processing system.
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.
No
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