| 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 2018 - 30 Jun 2018 | 30 Jul 2018 | 60 | 11% | 24% | 65% | 83% |
| 01 Jul 2017 - 31 Dec 2017 | 07 Mar 2018 | 65 | 25% | 23% | 52% | 52% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days. Labour-only payment terms are 7 days for specific suppliers. There are also suppliers with 30 day and 45 day standard terms.
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
60
A complaint or concern will be considered by the divisional manager. We issue a letter to the supplier to notify them of the dispute. Resolution is achieved by discussion between the supplier and divisional manager. Typically a dispute is resolved within a 14 day period.
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
J.W. & E. MORRIS & SON LIMITED is a liquidation private limited company, incorporated on 1 July 1980, based in the Wales region. Registered business activity: Manufacture of electricity distribution and control apparatus; Electrical installation.
From Companies House records.