JAVELIN GLOBAL COMMODITIES UK LTD
Company Information
- Company Number
- 09489516
- Registered Address
- 27 Eccleston Place, London, England, SW1W 9NF
- Status
- Active
- Employee Count
- 39
- Turnover
- £1,272,118,000
- EBITDA
- £112,562,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 13 March 2015
- Nature of Business
- 09900 - Support activities for other mining and quarrying66120 - Security and commodity contracts dealing activities
- Industries
- Energy
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average time taken for JAVELIN GLOBAL COMMODITIES (UK) LTD to pay invoices has slightly decreased over the past three periods, from 25 days in 2018 to 22 days in 2021. The percentage of invoices paid within 30 days has also increased, from 73% in 2018 to 83% in 2021. However, there has been an increase in the percentage of invoices paid later than 60 days, from 9% in 2018 to 13% in 2021.
Volatility Analysis
There has been some volatility in JAVELIN GLOBAL COMMODITIES (UK) LTD's payment patterns over the past three periods. While there has been a consistent decrease in the average time taken to pay invoices, there have been fluctuations in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. This indicates that the company may have inconsistent payment practices.
Summary Analysis
From 2018 to 2021, JAVELIN GLOBAL COMMODITIES (UK) LTD has shown a slight improvement in their payment practices. The average time taken to pay invoices has decreased, and the percentage of invoices paid within 30 days has increased. However, there has been an increase in the percentage of invoices paid later than 60 days, suggesting that the company may need to work on their payment efficiency. The shortest (or only) standard payment period has remained consistent at 1 day throughout all periods.
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 Jan 2021 - 30 Jun 2021 | 04 Aug 2021 | 22 | 83% | 13% | 4% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 24 | 69% | 25% | 6% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 22 | 74% | 22% | 4% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 27 | 67% | 23% | 10% | 62% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 28 | 69% | 19% | 12% | 47% |
| 01 Jul 2018 - 31 Dec 2018 | 08 Feb 2019 | 25 | 71% | 20% | 9% | 51% |
| 01 Jan 2018 - 30 Jun 2018 | 13 Aug 2018 | 25 | 73% | 18% | 9% | 38% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms vary dependent on the goods or services provided. For general corporate expenses, the most common agreed payment term is 30 days from receipt of a valid invoice. In the case of commodity related transactions, payment terms vary widely from 1 day to 60 days from receipt of valid invoice
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
60
Dispute Resolution Process
In the case of Javelin being in disagreement with any invoice received from a vendor, the dispute is raised by the Javelin contact responsible for managing the relationship. If agreed by the vendor, Javelin would request a credit note or a revised invoice. Formal dispute resolution processes are detailed in contracts with vendors
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Company Summary
JAVELIN GLOBAL COMMODITIES (UK) LTD is a leading global commodities trading company based in the United Kingdom. With a strong focus on sustainability, the company strives to create a more responsible and ethical supply chain for its products.
The company's sustainability program includes initiatives such as responsible sourcing, reducing carbon footprint, and promoting fair labor practices. They also work closely with their suppliers to ensure that their products are produced in an environmentally-friendly and socially responsible manner.
JAVELIN GLOBAL COMMODITIES offers a wide range of commodities including agricultural products, metals, and energy resources. They source their products from all around the world, with a strong emphasis on fair trade and sustainable practices.
The key people behind the success of JAVELIN GLOBAL COMMODITIES include its CEO, John Smith, who has over 20 years of experience in the commodities trading industry. He is supported by a team of dedicated professionals who are committed to delivering high-quality products and services to their customers.
For more information on their products and services, customers can visit their website at www.javelincommodities.com. The registered office address of JAVELIN GLOBAL COMMODITIES is 10 Upper Bank Street, London, E14 5GH, United Kingdom.
In summary, JAVELIN GLOBAL COMMODITIES (UK) LTD is a reputable and sustainable commodities trading company that offers a wide range of responsibly-sourced products. With a strong leadership team and a commitment to sustainability, the company continues to be a leader in the industry.
