Published reports

JB GLOBAL LIMITED

Company number: 05573571

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 April 2018 to 30 September 2018

Report filed on:

30 October 2018

Approved by:

Julian Gillett

Payment statistics

Average time taken to pay invoices: 26 days

Invoices paid:

  • within 30 days: 60%
  • in 31 to 60 days: 37%
  • in 61 days or more: 3%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 8%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

90 days

Standard payment terms

Payment terms vary between 7 days and 90 days for instance immediate, 7, 14, 21,30,30+1,45,60 &90days

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

90 days

90 days is the maximum

Any other information about payment terms

No

Dispute resolution process

We contact the supplier with any queries regarding their account and ask for a statement. Disputes with suppliers are handled by each department and accounts will support any queries by providing copy invoices and credit notes

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