| 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 registered for the casting of non-ferrous metals and forms part of Evtec Group, a UK manufacturing group headquartered in Coventry. The group's own site lists JVM Castings among its specialist businesses, alongside operations in aluminium die casting, precision machining, plastic moulding and complex propulsion and thermal management assemblies, serving mobility, defence and energy sectors. Group materials describe JVM Castings as retaining its own name and specialist focus while sharing group-level investment and engineering resources. As the operating entity, JVM Castings (Worcester) Limited itself functions as a casting business within this wider industrial group rather than as a standalone manufacturer of consumer goods.
Generated from the company's website and Companies House records. Sources: jvmcastings.com