| 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 |
|---|---|---|---|---|---|---|
| 30 Mar 2020 - 29 Sept 2020 | 30 Oct 2020 | 57 | 3% | 55% | 42% | 6% |
| 01 Oct 2019 - 29 Mar 2020 | 29 Apr 2020 | 54 | 4% | 62% | 34% | 1% |
| 01 Apr 2019 - 30 Sept 2019 | 24 Oct 2019 | 59 | 5% | 53% | 42% | 11% |
| 02 Oct 2018 - 31 Mar 2019 | 24 Oct 2019 | 59 | 6% | 53% | 41% | 8% |
| 02 Apr 2018 - 01 Oct 2018 | 31 Oct 2018 | 54 | 12% | 54% | 34% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
std payment terms are 60 days nett monthly
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
starts with Purchase ledger clerk , then to manager then to drirector
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
JVM Castings (Worcester) Limited is a British company that specializes in producing high-quality castings for various industries, including automotive, aerospace, and power generation. The company was founded in 1947 and has since established itself as a leader in the casting industry.
Sustainability is a key focus for JVM Castings, and they have implemented several initiatives to reduce their environmental impact. This includes using energy-efficient processes, recycling waste materials, and investing in renewable energy sources. They are also committed to ethical sourcing and ensuring the wellbeing of their employees.
The company's main products are castings made from aluminum, iron, and steel. These castings are used in a wide range of applications, including engine components, transmission parts, and structural components. JVM Castings also offers machining and assembly services to provide customers with a complete solution.
The key people at JVM Castings include Managing Director, Peter Dodd, and Operations Director, Matthew Phipps. Both have extensive experience in the casting industry and are dedicated to driving the company's success.
The company's website is www.jvmcastings.com, where customers can find information about their products and services, as well as contact details. JVM Castings' registered office address is located at Norton Road, St. Peter's, Worcester, WR5 2PS, United Kingdom.
In summary, JVM Castings (Worcester) Limited is a reputable British company that prioritizes sustainability and produces high-quality castings for various industries. With a dedicated team of leaders and a commitment to ethical practices, the company continues to thrive in the casting industry.
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