| 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 Jan 2020 - 30 Jun 2020 | 10 Aug 2020 | 41 | 46% | 40% | 12% | 31% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 33 | 51% | 43% | 6% | 24% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 32 | 46% | 47% | 7% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Trade suppliers are usually either 30 days or month emd following date of invoice. Vehicle purchases are subject to various terms & stocking plans & are dependant on length of holding. New vehicles would normally require payment within 5 days of registration.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Payment suffered due to delayed receipt of supplier invoices and reduced staff to deal with processing all as a result of covid / lockdown/furlough
Maximum contractual payment period agreed
365
Contact with supplier by the original ordering dept, supplier may escalate t to resolve
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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
F.G. BARNES & SONS LIMITED is a family-owned business based in the United Kingdom. The company specializes in the sale and servicing of agricultural and construction equipment. They have been in business for over 100 years and have a strong commitment to sustainability and the environment.
The company's sustainability program includes initiatives such as using renewable energy sources, reducing their carbon footprint, and promoting recycling and waste reduction. They also work closely with their suppliers to ensure sustainable practices are implemented throughout their supply chain.
F.G. BARNES & SONS LIMITED offers a wide range of products and services, including tractors, combine harvesters, excavators, and other agricultural and construction equipment. They also provide maintenance and repair services for their products, as well as training and support for their customers.
The key people at F.G. BARNES & SONS LIMITED include the managing director, Mr. George Barnes, and his sons, who are involved in the day-to-day operations of the company. They are known for their expertise in the industry and their commitment to providing high-quality products and services to their customers.
For more information about F.G. BARNES & SONS LIMITED, including their products, services, and sustainability efforts, you can visit their website at www.fgbarnes.co.uk. Their registered office address is located at Station Road, Guildford, Surrey GU1 4LQ, United Kingdom.