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 JISC SERVICES LIMITED shows an overall increase in the average time taken to pay invoices to suppliers, with a peak at 69 days in the period between Feb 2022 and July 2022. The trend also shows a decrease in the percentage of invoices paid within 30 days, and an increase in the percentage of invoices paid later than 60 days.
The data for JISC SERVICES LIMITED shows some volatility in the average time taken to pay invoices, with a fluctuation between 40 and 69 days. Additionally, there is some volatility in the percentage of invoices paid within 30 days, with a range of 53% to 67%. The percentage of invoices paid later than 60 days also shows some volatility, with a range of 30% to 39%.
The data for JISC SERVICES LIMITED shows an overall increase in the average time taken to pay invoices, with a peak at 69 days in the period between Feb 2022 and July 2022. There has been a decrease in the percentage of invoices paid within 30 days, from 67% in Feb 2020 - July 2020 to 57% in Feb 2023 - July 2023. The percentage of invoices paid later than 60 days has also increased, from 16% to 30% in the same time period. The best period for JISC SERVICES LIMITED in terms of early payment was Feb 2020 - July 2020, with 67% of invoices paid within 30 days, while the worst period was Aug 2022 - Jan 2023, with only 49% of invoices paid within 30 days.
| 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 Aug 2024 - 31 Jan 2025 | 12 Feb 2025 | 46 | 63% | 22% | 15% | 37% |
| 01 Feb 2024 - 31 Jul 2024 | 28 Aug 2024 | 57 | 55% | 15% | 29% | 45% |
| 01 Aug 2023 - 31 Jan 2024 | 22 Feb 2024 | 48 | 64% | 16% | 20% | 36% |
| 01 Feb 2023 - 31 Jul 2023 | 29 Aug 2023 | 59 | 57% | 13% | 30% | 43% |
| 01 Aug 2022 - 31 Jan 2023 | 23 Feb 2023 | 54 | 54% | 15% | 31% | 46% |
| 01 Feb 2022 - 31 Jul 2022 | 30 Aug 2022 | 69 | 51% | 10% | 39% | 49% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 68 | 49% | 21% | 30% | 51% |
| 01 Feb 2021 - 31 Jul 2021 | 27 Aug 2021 | 63 | 56% | 12% | 32% | 44% |
| 01 Aug 2020 - 31 Jan 2021 | 01 Mar 2021 | 49 | 53% | 16% | 31% | 47% |
| 01 Feb 2020 - 31 Jul 2020 | 25 Aug 2020 | 40 | 67% | 17% | 16% | 33% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Invoices for the deliverables may be sent to us on, or after, completion of performance. Each invoice must quote the number of our order. No sum may be invoiced more than six months late. Unless otherwise stated in the order, we will pay the contract price within 30 days of the end of the month in which we receive the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
51% of invoices received from our suppliers relate to contracts where we pay the supplier after receipt of payment from our customer (flowthrough payments for licensing agreements). This can leave balances remaining on part-paid invoices while we pursue the customer debts which results in extended payment terms with our supplier
Maximum contractual payment period agreed
30
All invoices should be sent to accountspayable@jisc.ac.uk where they will be registered to the finance system and matched to a purchase order or contract. Any issues will be raised with the purchaser of the goods and services and it is their responsibility to liaise with the supplier to resolve any disputes. Payment will be made once the purchaser has approved the invoice for payment.
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
Jisc Services Limited is a private company limited by guarantee without share capital, incorporated in 1993 and registered in Bristol. Companies House records list its nature of business under the classification for other telecommunications activities. The company has traded under different names over time, having been known as The JNT Association from 1993 to 2012 and as Jisc Collections and Janet Limited from 2012 to 2015, before adopting its current name. It remains an active company on the register, with no further detail on specific products or client-facing services available from the supplied evidence.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk