JONES HOMES (NORTH WEST) LIMITED
Company number: 00626625
Reporting period:
1 May 2020 to 31 October 2020
Report filed on:
14 December 2020
Approved by:
Jonathan Rodney Claber
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 27%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 18%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
62 days
Standard payment terms
Standard payment terms for some suppliers are 14 days, other suppliers are 30 days from date of invoice and some suppliers are end of the month following the date of the invoices (maximum of 62 days payment terms).
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
62 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes are resolved by the relevant department through negotiation with the supplier and the respective accounts payable, credit control departments and/or purchasing and sales teams. If a dispute cannot be resolved it is passed to the Residential Finance Director and if it remains unresolved it is passed to the Regional Managing Director.
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