WATKIN JONES & SON LIMITED
Company Information
- Company Number
- 02539870
- Registered Address
- 3 Llys Y Bont, Parc Menai, Bangor, United Kingdom, LL57 4BN
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 17 September 1990
- Nature of Business
- 41201 - Construction of commercial buildings
- Industries
- Coming Soon
- Region
- Wales
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
WATKIN JONES & SON LIMITED consistently pays significantly later than standard 30-day terms, with an average payment time of 56 days. A dominant trend shows 57% of payments falling within the 31-60 day window, indicating an established pattern of extended payment cycles. Only 26% are settled within 30 days, suggesting a trajectory towards delayed settlements for most invoices.
Volatility Analysis
Payments show moderate predictability, with a strong concentration (57%) between 31 and 60 days, offering some reliability regarding the general delay. However, the 17% of payments extending beyond 60 days, coupled with a 10% explicit late payment rate, introduces a notable risk factor for suppliers. This indicates a portion of invoices are subject to significant and potentially unreliable delays beyond the usual extended terms.
Summary Analysis
Overall, WATKIN JONES & SON LIMITED exhibits a predictable tendency for extended payment terms, averaging 56 days. Suppliers should factor in payments arriving around the 60-day mark and consider building a buffer into their cash flow planning. To mitigate the risk of very late payments (17% over 60 days and 10% late), suppliers may consider adjusting credit terms or negotiating partial upfront payments for larger orders.
Performance Reports History
| 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 2025 - 30 Sept 2025 | 30 Oct 2025 | 56 | 26% | 57% | 17% | 10% |
| 01 Oct 2024 - 31 Mar 2025 | 23 Apr 2025 | 51 | 26% | 58% | 16% | 12% |
| 01 Apr 2024 - 30 Sept 2024 | 30 Oct 2024 | 56 | 28% | 55% | 17% | 11% |
| 01 Oct 2023 - 31 Mar 2024 | 30 Apr 2024 | 51 | 25% | 58% | 17% | 13% |
| 01 Apr 2023 - 30 Sept 2023 | 27 Oct 2023 | 49 | 23% | 63% | 14% | 9% |
| 01 Oct 2022 - 31 Mar 2023 | 24 Apr 2023 | 48 | 26% | 59% | 15% | 9% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 55 | 17% | 64% | 19% | 14% |
| 01 Oct 2021 - 31 Mar 2022 | 13 Apr 2022 | 56 | 15% | 66% | 19% | 12% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Oct 2021 | 55 | 15% | 68% | 17% | 12% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Apr 2021 | 61 | 11% | 63% | 26% | 17% |
| 01 Apr 2020 - 30 Sept 2020 | 02 Nov 2020 | 54 | 19% | 54% | 27% | 28% |
| 01 Oct 2019 - 31 Mar 2020 | 11 May 2020 | 53 | 22% | 57% | 21% | 16% |
| 01 Apr 2019 - 30 Sept 2019 | 21 Oct 2019 | 61 | 5% | 65% | 29% | 28% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 63 | 8% | 58% | 35% | 31% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 60 | 8% | 61% | 32% | 31% |
| 01 Oct 2017 - 31 Mar 2018 | 01 May 2018 | 56 | 8% | 63% | 29% | 3% |
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
The standard terms for suppliers are payment at the end of the month following date of invoice. The standard terms for sub-contractors are 60 days from receipt 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
65
Dispute Resolution Process
Suppliers - We an accounts team who process and query invoices in a timely manner. Where required, disputes can be escalated to senior management. Sub-contractors - The accounts team deal with daily processing and queries, but it's the responsibility of the contract quantity surveyor to issue payment notices, and payless notices to each sub-contractor. If they are unable to resolve a dispute the sub-contract adjudication process is followed.
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
WATKIN JONES & SON LIMITED is an active private limited company
Its traditional name suggests an established business, potentially operating as a family enterprise
Incorporated on 17 September 1990, the company is registered under number 02539870
Its registered office is located at 3 Llys Y Bont, Parc Menai, Bangor, United Kingdom, LL57 4BN, situated in Wales
In the UK market, private limited companies bearing names that imply a traditional trade or family business often specialise in sectors such as construction, property development, or various building and engineering services
They typically provide services ranging from residential and commercial building projects to property management and associated professional services
