JMK BUSINESS SOLUTIONS LIMITED
Company number: 06946004
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
6 January 2025
Approved by:
Olga Titova
Payment statistics
Average time taken to pay invoices: 4 days
Invoices paid:
- within 30 days: 97%
- in 31 to 60 days: 3%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
The majority of our suppliers expect payment within 30 days but there is at least one supplier that has payment
terms of 14 days and one that requires immediate payment. We usually pay within 7-14 days for all 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
30 days
The majority of our suppliers expect payment within 30 days but there is at least one supplier that has payment
terms of 14 days and one that requires immediate payment. We usually pay within 7-14 days for all suppliers.
Any other information about payment terms
30 days, no changes
Dispute resolution process
If there is a dispute, this is usually handled by our Director of Finances, Massoud Mahmoodi, who will discuss
the issue and come to a resolution.
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.
Yes
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.
Yes
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