J.BARBOUR & SONS,LIMITED
Company number: 00124201
Reporting period:
1 May 2024 to 31 October 2024
Report filed on:
25 November 2024
Approved by:
Paul Gibson
Payment statistics
Average time taken to pay invoices: 43 days
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 53%
- in 61 days or more: 13%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 26%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Barbour operate payment to a set of standard terms, which are 60 days for goods for re-sale, 30 days for non goods and 14 days for rent and utilities. Variations to these terms do exist based on mutual agreements with trusted suppliers
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
Payment disputes are settled in the first instance by the purchase ledger team. Where disputes cannot be settled through this process, the issue is escalated to the Group Opex Controller, then the Head of Finance and ultimately the Managing Director. If the issue is still not resolved through this process it will be escalated to the company's Legal Department.
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