J.P. MORGAN LIMITED
Company Information
- Company Number
- 00248609
- Registered Address
- 25 Bank Street, Canary Wharf, London, E14 5JP
- Status
- Active
- Employee Count
- 0
- Turnover
- £0
- EBITDA
- -£291,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 6 June 1930
- Nature of Business
- 64209 - Activities of other holding companies not elsewhere classified
- Industries
- Financial Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Performance Reports History
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 14 | 86% | 14% | 0% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 34 | 55% | 45% | 0% | 8% |
| 01 Jul 2018 - 31 Dec 2018 | 23 Jan 2019 | 22 | 70% | 29% | 1% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 12 | 94% | 4% | 2% | 9% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Each JPMorgan Chase group company’s (JPMC) standard payment terms are “2% 10; net 30”, unless different terms are negotiated under contract or mandated by law in a particular country, meaning JPMC pays undisputed amounts within 30 days from receipt of an accurate invoice and may take a two percent discount off any amounts due under an accurate invoices as long as it pays within 10 business days from receipt. JPMC’s standard form contract typically used for higher risk engagements has standard payment terms of 2% 10; net 30 (as above). JPMC’s standard form contracts typically used for lower/minimal risk engagements have standard payment terms of 45 days after receipt of a correct invoice. JPMC’s standard purchase order terms and conditions typically used for minimal risk engagements have standard payment terms of 2% 10; net 60. JPMC’s standard terms and conditions used for engaging law firms has payment terms stating that JPMC will use its best endeavours to process, review, audit and pay invoices as soon as possible.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The entry for “Enter your shortest (or only) standard payment period in days” has been given as zero because one of JPMC’s standard form contracts states that JPMC will use its best endeavours to process, review, audit and pay invoices as soon as possible.
Maximum contractual payment period agreed
60
Dispute Resolution Process
A qualifying contract may set out a dispute resolution process. The sophistication of this process depends on the risk rating and therefore complexity of the contract, with contracts used for higher risk engagements containing a multi-tiered (or escalation) dispute resolution clause. Practically, and even in the absence of an escalation/dispute resolution clause in a qualifying contract, an internal escalation process is followed which is materially consistent, as regards JPMC, with a multi-tiered contractual clause.
Other Payment Information
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
J.P. Morgan Limited is a leading financial services company based in London, UK. The company offers a wide range of services including investment banking, asset management, private banking, and wealth management.
Sustainability is a key focus for J.P. Morgan Limited, and the company has implemented various initiatives to promote environmental and social responsibility. These include reducing their carbon footprint, promoting diversity and inclusion, and investing in renewable energy projects.
J.P. Morgan Limited offers a variety of products and services to its clients, including financial advice, investment options, and risk management solutions. The company's private banking division provides tailored financial solutions for high net worth individuals, while their asset management division offers a range of investment products for institutional and individual clients.
The key people at J.P. Morgan Limited include CEO Jamie Dimon, who has been with the company since 2005, and Chairman of the Board, Daniel Pinto. The company has a team of experienced professionals who are dedicated to providing top-notch financial services to their clients.
For more information on J.P. Morgan Limited's products and services, as well as their sustainability efforts, individuals can visit their website at www.jpmorgan.com. The company's registered office address is 25 Bank Street, Canary Wharf, London E14 5JP, United Kingdom.
