The data for Jack Morton Europe Limited shows a consistent trend of paying invoices within 30 days or less, with a significant improvement in the average time to pay from 33 days in the first period to 13 days in the second period, and 24 days in the third period.
The data for Jack Morton Europe Limited also shows a low level of volatility, with a consistent percentage of invoices being paid within 30 days and no invoices being paid later than 60 days in the second and third periods.
The data for Jack Morton Europe Limited shows a consistent trend of paying invoices within 30 days or less, with a significant improvement in the average time to pay from 33 days in the first period to 13 days in the second period, and 24 days in the third period. This improvement is also reflected in the percentage of invoices paid within 30 days, which increased from 86% in the first period to 100% in the second and third periods.
| 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 2021 - 30 Jun 2021 | 14 Jul 2021 | |||||
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | |||||
| 01 Jan 2020 - 30 Jun 2020 | 20 Jul 2020 | |||||
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | |||||
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 24 | 100% | 0% | 0% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 16 Jan 2019 | 13 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 18 Jul 2018 | 33 | 86% | 0% | 14% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard is based on vendor category, ranges from Payable Upon Receipt to Net 52.
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
52
This is handled on a case by case basis, starting with our accounts payable department with escalation to the CFO.
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
JACK MORTON EUROPE LIMITED is a dissolved private limited company, incorporated on 10 June 1997, based in the London region. Registered business activity: Dormant Company.
From Companies House records.