JAMES HALL AND COMPANY LIMITED

Company number: 01022295

Reporting period:
1 October 2019 to 31 March 2020

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This report was filed on 8 June 2020

and approved by Christopher Collins

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 60%
• in 31 to 60 days: 36%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 30%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

63 days

Standard payment terms

James Hall and Company agrees payment terms that vary between 7 and 63 days. This is dependent on the size of supplier and the kind of products that are purchased.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

63 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

If there are any invoice disputes a claim is raised and sent to the supplier by the purchase ledger team. If the supplier agrees with the claim no further action is required. If the supplier disagrees with the claim this is resolved with the supplier by the purchase ledger and buying teams

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 Prompt 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