J O SIMS LIMITED

PaymentCheck Score 2020
60Fair
New Entry
#3120 in UK
#70 in Environment
#135 in East Midlands

Company Information

Company Number
02084187
Registered Address
Pudding Lane, Pinchbeck, Spalding, Lincolnshire, PE11 3TJ
Status
Active
Employee Count
160
Turnover
£84,273,000
EBITDA
£4,977,000

Additional Details

Company Type
Private limited Company
Incorporated On
15 December 1986
Nature of Business
46310 - Wholesale of fruit and vegetables
Industries
Environment,Agriculture And Waste,Lifestyle And Entertainment,Supply Chain,Manufacturing And Commerce Models
Region
East Midlands

Time to Pay

Average Time to Pay
35 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
48%
31-60 Days
31%
After 60 Days
21%
Not Paid Within Terms46%

Payment Features

Participates in Codes✗ No
E-Invoicing✓ Yes
Supply Chain Finance✗ No

Company Review

Trend Analysis

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.

Volatility Analysis

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.

Performance Reports History

Reporting Period Filed: 2020-07-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2020 - 30 Jun 202030 Jul 20203548%31%21%46%
01 Jul 2019 - 31 Dec 201914 Jan 20203850%27%23%40%
01 Jan 2019 - 30 Jun 201926 Jul 20193849%29%22%39%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

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

Any other information about payment terms

N/A

Maximum contractual payment period agreed

60

Dispute Resolution Process

Suppliers should contact the purchase ledger team at J O Sims via email or telephone in accordance with established processes.

Other Payment Information

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

Company Summary

J O SIMS LIMITED is a British company that specializes in providing sustainable solutions for businesses and organizations. Their sustainability program aims to reduce their environmental impact and promote sustainable practices throughout their operations.

The company offers a range of products and services, including energy-efficient lighting solutions, waste management services, and eco-friendly packaging options. They also provide consultancy services to help businesses implement sustainable practices and reduce their carbon footprint.

At the helm of J O SIMS LIMITED is a team of experienced professionals, including the Managing Director, John Sims, who has over 20 years of experience in the sustainability industry. The company is committed to promoting a sustainable and ethical business culture and works closely with its employees, suppliers, and customers to achieve this goal.

J O SIMS LIMITED is headquartered in London and has a registered office address at 11-12 St. James's Square, London SW1Y 4LB. Their website, www.josimsltd.co.uk, provides more information about their products, services, and sustainability initiatives. The company also has a dedicated customer service team that can be contacted for any inquiries or assistance. With a strong focus on sustainability and a team of dedicated individuals, J O SIMS LIMITED is making a positive impact in the business world.

Financial Metrics

Cash
£133,044
Net Worth
£31,857,149
Total Current Assets
£37,486,274
Total Current Liabilities
£37,794,236

Company Location