JOHN SISK & SON LIMITED

Standard payment terms

John Sisk & Son Limited does not have standard payment terms. Payment terms are agreed with suppliers as part of contract negotiations. The most frequently used payment terms in the reporting period are 30 days.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

Payments to small suppliers are as follows: • Average time to pay: 14 • % paid within 30 days: 95% • % paid 31-60 days: 4% • % paid on or after 60 days: 1% • % not paid to agreed terms: 28% • £ paid within 30 days: £84,488,687 • £ paid 31-60 days: £6,214,482 • £ paid on or after 60 days: £2,203,974 • Total value of payments due in the reporting period which have not been paid within the agreed period. £20,948,856 •Percentage of payments not made in the reporting period due to a dispute: 1.1%

Maximum contractual payment period agreed

60

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