JUNO BIDCO LIMITED exhibits a strong trend of prompt payments, with an average payment time of 25 days. A significant majority, 76%, of payments are completed within 30 days, indicating a consistent inclination towards timely remittance. This suggests a generally favorable and predictable payment trajectory for suppliers.
Despite the overall promptness, 24% of payments are classified as late, with 15% occurring between 31-60 days and a notable 9% extending beyond 60 days. This distribution indicates a moderate level of payment unpredictability for a segment of invoices, introducing a risk of delayed settlement. Suppliers should be aware of the potential for extended payment terms for approximately one-quarter of transactions.
JUNO BIDCO LIMITED generally offers a reliable payment profile due to its low average payment time and high percentage of on-time payments. However, suppliers should factor in the 24% late payment rate, particularly the 9% exceeding 60 days, when setting payment expectations. Implementing clear payment terms and potentially requiring partial upfront payments could help mitigate the risk associated with potential payment outliers.
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days from receipt of invoice
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
If an invoice is disputed, contact will be made with the supplier for resolution.
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
JUNO BIDCO LIMITED operates as a private limited company, primarily established as a bidding vehicle for corporate acquisitions or tender offers. This structure allows it to serve as a distinct legal entity with limited liability for specific transaction purposes.
The company is an active private limited company, registered in the United Kingdom under company number 13846748. It was incorporated on 13 January 2022, with its registered office located in London at C/O Tmf Group, 13th Floor, One Angel Court, London, EC2R 7HJ.
Companies of this type, often referred to as "Bid Companies," are typically established in the UK to serve as special purpose vehicles for corporate acquisitions, mergers, or tender offers. Their primary function involves facilitating the legal and financial aspects of purchasing another organisation.