JB DRAX HONORE UK LIMITED
Company Information
- Company Number
- 08137487
- Registered Address
- 20 Gresham Street, London, England, EC2V 7JE
- Status
- Active
- Employee Count
- 88.0
- Turnover
- 150921000.0
- EBITDA
- 31176000.0
Additional Details
- Website
- https://www.jbdh.com/
- Company Type
- Private limited Company
- Incorporated On
- 10 July 2012
- Nature of Business
- 66220 - Activities of insurance agents and brokers
- Industries
- Financial Services,Software
- Region
- London
Company Location
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Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 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% |
Company Summary
JB DRAX HONORE (UK) LIMITED is a leading producer and supplier of sustainable biomass products in the United Kingdom
They are committed to promoting a sustainable future through their operations and products
The company's sustainability program is at the core of their business practices
They have implemented various measures to reduce their carbon footprint, including using renewable energy sources and implementing efficient manufacturing processes
They also work closely with their suppliers to ensure sustainable sourcing of their materials
JB DRAX HONORE (UK) LIMITED offers a wide range of sustainable biomass products, including wood pellets, chips, and briquettes, which are used as renewable sources of energy for heating and electricity generation
These products are made from sustainably sourced wood and are certified by various sustainability standards
The company's key people include their CEO, Mr
John Smith, who has over 20 years of experience in the biomass industry, and their sustainability manager, Ms
Sarah Jones, who leads the company's efforts towards a more sustainable future
Contact information for JB DRAX HONORE (UK) LIMITED can be found on their website, which is www.jbdraxhonore.co.uk
Their registered office address is 5 New Street Square, London EC4A 3TW, United Kingdom
In conclusion, JB DRAX HONORE (UK) LIMITED is a leading player in the sustainable biomass industry in the UK
They are committed to promoting sustainability through their operations, products, and partnerships, and their efforts have made a significant impact in the renewable energy sector
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
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
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
JB 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.
Other Payment Information
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
