Industry ranking
| 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 2022 - 30 Jun 2022 | 28 Jul 2022 | 31 | 51% | 39% | 10% | 29% |
| 01 Jul 2021 - 31 Dec 2021 | 05 Feb 2022 | 30 | 54% | 31% | 14% | 37% |
| 01 Jan 2021 - 30 Jun 2021 | 21 Jul 2021 | 30 | 55% | 32% | 13% | 37% |
| 01 Jul 2020 - 31 Dec 2020 | 30 Jan 2021 | 34 | 52% | 27% | 21% | 44% |
| 01 Jan 2020 - 30 Jun 2020 | 16 Jul 2020 | 33 | 52% | 29% | 19% | 44% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 31 | 56% | 30% | 14% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 30 | 53% | 36% | 11% | 42% |
| 01 Jan 2018 - 31 Dec 2018 | 28 Jan 2019 | 45 | 20% | 80% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 17 Jul 2018 | 45 | 20% | 80% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are that payment of invoices for goods and services will generally be made by the end of the month following receipt of a properly due, correct and complete invoice is received. Other terms may apply by agreement.
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
We endeavour to pay suppliers in a prompt and honest manner whilst ensuring that invoices received are correct. The Accounts Payable Department uses a purchase invoice authorisation system whereby the manager responsible is required to promptly authorise invoices relevant to their department. Should there be query or dispute on an invoice, the supplier is contacted and this is resolved by discussion and agreement and passed on to the Accounts Payable department for payment; this could affect how long it takes to make 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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Greenshields JCB Limited is registered at Farnham, Surrey and operates a power engineering division trading as Broadcrown Power Engineering. In 2020 Greenshields JCB, described as the South East's largest JCB dealership, acquired this service company to build a national generator service and maintenance business. Under the Broadcrown Power Engineering name it supplies, installs, maintains and repairs diesel generators, UPS systems and associated power installations for businesses across the UK, covering servicing contracts, emergency call-outs, load bank testing, contingency planning and parts supply. The division has offices in Staffordshire, Hemel Hempstead and Barking, and traces its origins to an independent generator manufacturer later acquired by JCB before passing to Greenshields JCB.
Generated from the company's website and Companies House records. Sources: broadcrownpowerengineering.com · broadcrownpowerengineering.com · broadcrownpowerengineering.com