J.P. BODEN & CO. LIMITED
Company number: 02692601
Reporting period:
31 December 2023 to 29 June 2024
Report filed on:
29 July 2024
Approved by:
Paul O'Leary
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 37%
- in 61 days or more: 13%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 41%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
The standard contractual length for payment of invoices is between 30 and 60 days. However, there are exceptions where a number of suppliers are paid directly via our/their banks. These terms are DP sight (Documents against Payment), and payment of the relevant invoice(s) is dependent on when copies of the documents are presented to us. There are some instances where shorter payment terms are in place
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes relating to invoices/payments are resolved by email or telephone conversations.
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