JAMES HALL AND COMPANY LIMITED

PaymentCheck Score 2021
72Fair
1.2vs last year
#2568 in UK
#174 in North West

Company Information

Company Number
01022295
Registered Address
Spar Distribution Centre, Bowland View, Preston, United Kingdom, PR2 5QT
Status
Active
Employee Count
1,017
Turnover
£742,197,000
EBITDA
£21,380,000

Additional Details

Company Type
Private limited Company
Incorporated On
25 August 1971
Nature of Business
46900 - Non-specialised wholesale trade
Industries
Supply Chain
Region
North West

Time to Pay

Average Time to Pay
30 days
Shortest Period:7 days
Longest Period:63 days
Max Contractual:63 days

Payment Timeline

Within 30 Days
59%
31-60 Days
36%
After 60 Days
5%
Not Paid Within Terms26%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Company Review

Trend Analysis

JAMES HALL AND COMPANY LIMITED generally targets an average payment time of 30 days, but only 59% of invoices are settled within this period. A significant 36% of payments consistently extend into the 31-60 day range, indicating a trend for a notable portion of invoices to be paid beyond initial terms.

Volatility Analysis

The company's payment reliability shows some volatility, with 41% of payments exceeding 30 days, including 5% that take over 60 days. This distribution, coupled with a 26% overall late payment rate, suggests an unpredictable cash flow for a notable portion of invoices, presenting a moderate risk factor for suppliers.

Summary Analysis

Suppliers should consider JAMES HALL AND COMPANY LIMITED as a moderate credit risk, noting the 26% late payment rate and the tendency for 5% of payments to be significantly delayed. Implementing clear payment terms, strict credit limits, and possibly leveraging early payment discounts could mitigate the risk of extended payment cycles.

Performance Reports History

Reporting Period Filed: 2021-05-28
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2020 - 31 Mar 202128 May 20213059%36%5%26%
01 Apr 2020 - 30 Sept 202027 Nov 20203157%38%5%28%
01 Oct 2019 - 31 Mar 202008 Jun 20203060%36%4%30%
01 Apr 2019 - 30 Sept 201923 Oct 20193161%34%5%33%
01 Oct 2018 - 31 Mar 201909 May 20192865%31%4%32%
01 Apr 2018 - 30 Sept 201830 Oct 20182964%32%4%35%

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

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?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

63

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?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

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.

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.

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

JAMES HALL AND COMPANY LIMITED is an active private limited company. This corporate structure signifies it as a distinct legal entity established for commercial operations within the United Kingdom.

Incorporated on 25 August 1971, the company is registered under company number 01022295. Its registered office is situated at Spar Distribution Centre, Bowland View, Preston, United Kingdom, PR2 5QT, establishing its presence in the North West region.

Private limited companies in the UK are adaptable business organisations, typically engaging in a wide array of commercial activities. These can range from providing consumer goods and wholesale distribution to offering various services, depending on their specialised sector.

Financial Metrics

Cash
£20,500,000
Net Worth
£114,000,000
Total Current Assets
£74,800,000
Total Current Liabilities
£82,400,000

Company Location