Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The trend for J O SIMS LIMITED from 2019 to 2020 shows that the average time taken to pay invoices has decreased by 3 days. The percentage of invoices paid within 30 days has also slightly decreased by 1%, while the percentage of invoices paid between 31 and 60 days has increased by 2%. The percentage of invoices paid later than 60 days has decreased by 1%, indicating a slight improvement in timely payments. The percentage of invoices not paid within agreed terms has also increased by 5%, showing a decrease in the company's ability to pay invoices on time.
The data for J O SIMS LIMITED shows a relatively stable trend with minor changes in the percentage of invoices paid within different time frames. The average time taken to pay invoices has also remained fairly consistent with only a 3-day decrease. However, there has been a significant increase of 5% in the percentage of invoices not paid within agreed terms, indicating some volatility in the company's payment practices.
| 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 - 30 Jun 2020 | 30 Jul 2020 | 35 | 48% | 31% | 21% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 38 | 50% | 27% | 23% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 38 | 49% | 29% | 22% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms are set for suppliers in accordance with established payment routines and processes
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
Suppliers should contact the purchase ledger team at J O Sims via email or telephone in accordance with established processes.
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.O. Sims Ltd, trading as J.O. Sims, supplies fresh fruit, fruit ingredients and fruit-based snacks to retailers, wholesalers and food and drink manufacturers in the UK and internationally. Founded in 1896, the company sources fruit through long-standing relationships with growers and processors worldwide and farms over 1,000 acres of cherry, apple, peach, nectarine and apricot orchards, describing itself as the UK's largest supplier of cranberries and wild blueberries. Its UK operations include cherry packing, date importing and packing, and processing and blending of fruit, nut, seed and cereal products, alongside dried fruit paste manufacturing. The company also manages importing, supply chain logistics, quality assurance and product innovation for its customers.
Generated from the company's website and Companies House records. Sources: josims.com