Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 80.43/100 qualifies for PaymentCheck Certification
J.E. PORTER LIMITED demonstrates a strong average payment speed of 23 days, with 86% of invoices settled within 30 days. Despite this efficiency for the majority, a significant 56% of payments are classified as late, indicating an inconsistent adherence to due dates across their payment cycle. This trajectory suggests that while many payments are prompt, a considerable portion routinely misses contractual deadlines.
The data shows high reliability for 86% of payments being within 30 days, suggesting predictable short-term cash flow for most transactions. However, the 56% late payment rate, alongside 13% extending to 31-60 days and 1% over 60 days, introduces a notable level of payment unpredictability for a segment of invoices. This indicates a moderate risk of delayed payments, requiring suppliers to anticipate potential variations in settlement times.
Overall, J.E. PORTER LIMITED offers a generally favorable payment profile with a quick average settlement time of 23 days and a majority paid within 30 days. Suppliers should consider the 56% late payment rate as a key decision factor, highlighting a moderate risk of individual invoices exceeding their due dates. Mitigation strategies could include establishing clear payment terms, invoicing promptly, and potentially using staged payments for larger contracts.
| 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 Apr 2021 - 30 Sept 2021 | 06 Dec 2021 | 23 | 86% | 13% | 1% | 56% |
| 01 Oct 2020 - 31 Mar 2021 | 17 Nov 2021 | 23 | 88% | 11% | 1% | 52% |
| 01 Apr 2020 - 30 Sept 2020 | 17 Nov 2020 | 23 | 85% | 15% | 0% | 50% |
| 01 Oct 2019 - 31 Mar 2020 | 11 Jun 2020 | 24 | 84% | 15% | 1% | 54% |
| 01 Apr 2019 - 30 Sept 2019 | 18 Oct 2019 | 24 | 87% | 12% | 1% | 50% |
| 01 Oct 2018 - 31 Mar 2019 | 17 May 2019 | 25 | 83% | 16% | 1% | 59% |
| 01 Apr 2018 - 30 Sept 2018 | 29 Oct 2018 | 24 | 81% | 18% | 1% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our suppliers payment terms dictate our payment terms, which can vary from 'upon receipt of invoice to end of the month, following the month of invoice'.
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
45
Invoices are examined and matched with delivery documentation upon receipt and disputed invoices are notified to supplier. The accounts team can be reached by a generic email address or phone and the issue is aimed to be resolved within 2 weeks.
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.E. Porter Limited is a Lincolnshire-based company incorporated in 1985. According to its registered business classification, it manufactures prepared feeds for farm animals, operating within the agriculture, livestock and equine supply sector. Company records associate it with animal feed and pet food production and distribution and wholesale activity linked to farming. The company's own website domain is currently parked and provides no further descriptive detail, so this summary relies on official registration data. The company remains active according to Companies House records.
Generated from the company's website and Companies House records.