From Jan 2018 to Jun 2018, the average time taken for JOHN LAING LIMITED to pay invoices was 35 days. The percentage of invoices paid within 30 days was 67%, while no invoices were paid between 31-60 days. However, 33% of invoices were paid later than 60 days, and 33% were not paid within agreed terms.
There is a clear trend of increasing time taken for JOHN LAING LIMITED to pay invoices. The company went from an average payment time of 35 days in the first half of 2018 to 86 days in 2020. Additionally, the percentage of invoices paid within 30 days decreased from 67% to 0%, while the percentage of invoices paid later than 60 days increased from 33% to 100%. This indicates a significant increase in payment delays.
| 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 - 31 Dec 2020 | 23 Jun 2021 | 86 | 0% | 0% | 100% | 100% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jul 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 08 Jul 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 11 Feb 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 67% | 0% | 33% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Default is 30 days unless supplier requests otherwise.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
In the event of a dispute, the complaint will be considered by the cost centre manager. We aim to resolve any disputes within the payment terms.
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
JOHN LAING LIMITED is an active private limited company, incorporated on 23 December 1977, based in the London region. Registered business activity: Activities of head offices.
From Companies House records.