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 average time to pay for JB DRAX HONORE (UK) LIMITED has fluctuated over the past three periods, with a decrease from 2020 to 2021, followed by a slight increase in 2022 and then a significant decrease in 2023.
The volatility of the average time to pay for JB DRAX HONORE (UK) LIMITED has been relatively high, with changes of 1-10% between periods.
Looking at the data for JB DRAX HONORE (UK) LIMITED, there has been a gradual decrease in the average time to pay invoices from 2020 to 2023. However, there was a significant improvement in 2023 where the average time to pay decreased by 50% compared to the previous period.
| 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 2025 - 31 Dec 2025 | 30 Jan 2026 | 29 | 73% | 21% | 6% | 27% |
| 01 Jan 2025 - 30 Jun 2025 | 29 Jul 2025 | 50 | 78% | 17% | 5% | 22% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 22 | 89% | 8% | 3% | 11% |
| 01 Jan 2024 - 30 Jun 2024 | 22 Jul 2024 | 24 | 85% | 11% | 5% | 15% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 11 | 88% | 9% | 3% | 3% |
| 01 Jan 2023 - 30 Jun 2023 | 31 Jul 2023 | 23 | 90% | 6% | 4% | 10% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 22 | 90% | 7% | 4% | 11% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 25 | 84% | 12% | 4% | 16% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 26 | 88% | 8% | 4% | 12% |
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 24 | 85% | 11% | 4% | 15% |
| 01 Jul 2020 - 31 Dec 2020 | 27 Jan 2021 | 30 | 74% | 16% | 10% | 26% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 21 | 87% | 9% | 4% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jul 2020 | 20 | 88% | 10% | 2% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
JB Drax Honore (Drax), deals on third party suppliers terms rather than its own and therefore does not have standard payment terms in place, nor does it require that particular sets of payment terms are included on the third party supplier contracts depending on the supplier’s size. Drax does however generally engage with third party suppliers on the following payment terms: 1) a payment period of 30 days of receipt of the invoice 2) payment of interest at the rate specified by the supplier in the relevant supplier agreement and 3) submission to the settlement discussions/ the English courts (as provided for under the relevant supplier agreement) to determine any disputes if such cannot be resolved between Drax and the relevant suppliers.
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
Drax deals on third party supplier’s terms rather than its own. Invoices must be made out to the correct company, entity and address. Invoices are sent via email to the Accounts Payable email address, these are then logged and sent on to management for approval. Any invoice queries are then raised and directed to the relevant manager and approver of the invoice. If required these are then escalated to our COO and Directors of the company. Disputes are resolved as per the process set out in the relevant supplier agreement. Any dispute would be governed by the law/jurisdiction clause in the relevant supplier agreement which is generally the English law/English courts.
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
JB Drax Honoré (UK) Limited is the UK entity within the JB Drax Honoré group, registered as an insurance and financial agent/broker. The wider group acts as an independent financial markets intermediary and executing agent, generating trade ideas, sourcing prices and providing voice and electronic trade execution across OTC foreign exchange, interest rate swaps and bonds, listed derivatives, relative value strategies and listed equity options. It operates purely in an agency capacity without proprietary risk-taking, sourcing liquidity anonymously from bank and non-bank counterparties for institutional clients such as hedge funds, asset managers, pension funds and sovereign wealth funds. The group, founded in 2004, is headquartered in London with additional offices internationally.
Generated from the company's website and Companies House records. Sources: jbdh.com · jbdh.com