Score of 95.7/100 qualifies for PaymentCheck Certification
J.M.C. Restaurants Limited demonstrates a strong payment performance profile, with an average settlement time of just 15 days, well within standard net-30 terms. The majority of payments (93%) are cleared within 30 days, indicating a consistently prompt payment culture. The minimal exposure in the 31-60 day (6%) and over-60-day (1%) brackets suggests no significant deterioration in payment behaviour.
With only 7% of payments classified as late, the company presents a low-risk and highly predictable payment pattern for suppliers. The negligible over-60-day figure (1%) indicates that extended delays are rare exceptions rather than a systemic issue. This level of consistency points to stable cash flow management and reliable internal payment processes.
J.M.C. Restaurants Limited represents a low credit risk and is a dependable trading partner based on the available payment data. Suppliers can reasonably extend standard net-30 credit terms with confidence, given the 15-day average settlement and 93% on-time payment rate. As a precaution, monitoring the 7% late payment segment is advisable, but no immediate risk mitigation measures are required at this stage.
| 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 2024 - 30 Jun 2024 | 25 Jul 2024 | 15 | 93% | 6% | 1% | 7% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90% of the invoices are paid on a direct debit basis and are collected within 30 days from the date of the invoice. All other invoices are paid within the terms as agreed with the supplier.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No comment required
Maximum contractual payment period agreed
45
As 90% of invoices are paid on a direct debit basis there would be no dispute which would hold up payment, any disputed amount would be credited or debited the following month. The other 10% being smaller local business with long standing personal relationships, would be resolved within the payment terms by a simple phone discussion and an agreed 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
J.M.C. Restaurants Limited is a private limited company operating within the restaurant and food service sector. The company is registered and active in Northern Ireland, conducting business under its established corporate structure.
The company holds company registration number NI027644 and was incorporated on 23 July 1993, giving it over three decades of operational history. Its registered office is located at Suite 109, Lisburn Enterprise Organisation, 6 Enterprise Crescent, Ballinderry Road, Lisburn, Northern Ireland, BT28 2BP.
Restaurant businesses of this type in the UK market typically provide food and beverage services to the public, encompassing dine-in facilities, takeaway services, and catering operations. Such companies operate within a regulated environment, adhering to food safety standards and licensing requirements set out by UK and Northern Ireland authorities.
With its long-standing incorporation date and active status, J.M.C. Restaurants Limited represents an established presence within the Northern Ireland food service industry, based in the Lisburn area of County Antrim.