Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
The data for John Laing Group PLC shows a steady decrease in the average time it takes for the company to pay invoices from 2018 to 2020. The percentage of invoices paid within 30 days has also decreased over this time period, while the percentages of invoices paid between 31 and 60 days and later than 60 days have both increased. This suggests that the company has been taking longer to pay invoices and has not been meeting their agreed payment terms as often.
The data for John Laing Group PLC shows a high level of volatility in the average time it takes for the company to pay invoices. This is evident in the fluctuation of the percentages for invoices paid within 30 days, between 31 and 60 days, and later than 60 days. This volatility may indicate inconsistent payment practices and potential cash flow issues for the company.
Over the past three periods, John Laing Group PLC has seen a decrease in the average time it takes to pay invoices, from 35 days in Jan-Jun 2018 to 32 days in Jan-Dec 2020. However, there has been a significant increase in the percentage of invoices paid later than 60 days, from 17% in Jul-Dec 2018 to 0% in Jan-Dec 2020. This suggests that the company has improved in paying invoices on time, but still struggles with paying them within their agreed terms. The best period for early payment was in Jan-Jun 2018, with 75% of invoices being paid within 30 days, while the worst period for late payment was in Jul-Dec 2019, with 44% of invoices being paid later than 60 days.
| 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 2020 - 31 Dec 2020 | 23 Jun 2021 | 32 | 38% | 62% | 0% | 62% |
| 01 Jul 2019 - 31 Dec 2019 | 21 Jul 2020 | 38 | 56% | 33% | 11% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 25 Sept 2019 | 47 | 67% | 17% | 16% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Feb 2019 | 44 | 60% | 20% | 20% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 35 | 75% | 8% | 17% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Default is 30 days unless agreed otherwise with supplier.
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
In the event of a dispute, the complaint will be considered by the cost centre manager. We aim to resolve any disputes within the payment terms.
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
John Laing Group Plc is the UK registered entity within the John Laing group, a head office company recorded against 'activities of head offices'. The wider group, owned by funds managed by KKR, describes itself as an international investor and active manager of core infrastructure assets, investing in transportation, energy and utilities, telecommunications and social infrastructure projects across the UK, Europe, North America, Australia, New Zealand and Colombia. The group participates in public-private partnership and greenfield/brownfield infrastructure projects and platforms, managing long-term assets with predictable cash flows. This entity itself functions as the registered head office within that investment group rather than as an operating or construction business.
Generated from the company's website and Companies House records. Sources: laing.com · laing.com · laing.com