Score of 94.2/100 qualifies for PaymentCheck Certification
G.J.B. TRADING LIMITED demonstrates a strong payment profile, with 89% of invoices settled within 30 days and an average payment time of just 14 days, indicating a well-established and prompt payment culture. The 10% of payments falling in the 31–60 day range suggests occasional delays but no systemic issues, while the minimal 1% exceeding 60 days reflects rare exceptions rather than a recurring pattern. Overall, the payment trajectory points to a reliable and consistent payer with no significant signs of deterioration.
With 89% of payments made within terms and only 11% classified as late, G.J.B. TRADING LIMITED exhibits low payment volatility and a high degree of predictability for cash flow planning purposes. The concentration of late payments in the 31–60 day bracket rather than the over-60-day category suggests that delays, when they occur, are short-lived and self-correcting. This pattern reduces exposure to prolonged payment disputes or liquidity-driven defaults, representing a manageable and low-risk payment behaviour.
G.J.B. TRADING LIMITED presents a low-risk profile and is well-suited for standard or preferential credit terms, supported by a 14-day average payment time and near-90% on-time payment rate. Suppliers may consider offering net-30 terms with confidence, though light monitoring of the 11% late payment segment is advisable to detect any future shifts in behaviour. As a precautionary measure, setting a modest late payment fee clause in contracts would provide adequate protection without straining the commercial relationship.
| 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 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 11 | 92% | 7% | 1% | 8% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jan 2025 | 14 | 89% | 10% | 1% | 11% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Most of the suppliers are on a 30-day payment term. Key suppliers are on direct debit schemes and collect their payment within 30 days or less from the date of the invoice. Suppliers that are not on direct debit scheme are paid monthly by BACS/bank transfer on request. A small number of suppliers require payment in advance, these are settled either by direct bank transfer or via credit card payments. Suppliers are notified of any delays at the earliest opportunity and the payments are re-arranged as agreed with them. The company actively encourages suppliers to send invoices electronically where possible. It also uses a supply chain finance established by their franchisor. Payment for suppliers who participated in the supply chain finance are collected via direct debits and this process is fully managed by the third-party supply chain finance team. While the company is not a member of a payment code however, it strictly adheres to monthly payment cycle and addresses any payment query the same day. As part of a wider business network the company primarily utilises established supply chains who manage a number of the suppliers on their behalf. The company is proud supporters of British and Irish agriculture and work with over 23,000 British and Irish farmers who supply quality produce for their menu, as well as businesses who are help them create more sustainable packaging. Through this extensive supply chain across the UK and Ireland enables suppliers contribute to their success. The company has long-term partnerships with many of their suppliers. Such long-term partnerships encourage collaboration and enable suppliers to make decisions for the long term, giving them the confidence to invest in their businesses. In order to meet the continued volume growth, suppliers need to invest in future capacity, which involves significant capital investment in equipment and infrastructure. Long-term commitment to supply the company and their franchisor’s overall operation in the UK, has enabled the suppliers to grow with them and drive positive change within their own businesses. The wider Supply Chain and Sustainability function that the company is part of has a broad remit, from ensuring our products and ingredients meet their high food safety, quality and traceability expectations from farm to front counter, to the transportation of goods from supplier to restaurant, procurement of all food and paper, as well as responsibility for our nutrition, sustainability, agriculture, packaging and recycling strategies across their supply base.
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
30
Around 90% of invoices are paid by direct debit there would be no dispute which would hold up the payment, any disputed amount would be credited or debited the following month. A minute number of invoices from the other 10%, or less, may occasionally be subject to a dispute which is usually resolved over a phone call due to the long-standing relationships.
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
G.J.B. TRADING LIMITED is a private limited company registered and actively operating in England. The company operates within the trading sector, conducting commercial activities in accordance with its designation as a limited liability entity under UK company law.
The company was incorporated on 16 April 2002 and holds company registration number 04417366 with Companies House. Its registered office is located at The Accounting Centre, First Floor, 736 High Road, North Finchley, London, England, N12 9QD.
Trading companies of this type in the UK engage in the buying and selling of goods or services across a range of commercial markets. Operating as a private limited company provides the organisation with a distinct legal identity, separating personal and business liabilities for its directors and shareholders.
Having maintained active status since its incorporation in 2002, G.J.B. TRADING LIMITED represents an established presence within the UK business landscape, operating under the regulatory framework governing private limited companies in England.