JAMES JOHNSTON CO OF ELGIN LIMITED
Company Information
- Company Number
- SC022553
- Registered Address
- Newmill, Elgin, IV30 4AF
- Status
- Active
- Employee Count
- 1,105
- Turnover
- £83,538,000
- EBITDA
- £5,712,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 25 September 1943
- Nature of Business
- 13200 - Weaving of textiles14190 - Manufacture of other wearing apparel and accessories not elsewhere classified46410 - Wholesale of textiles47190 - Other retail sale in non-specialised stores
- Industries
- Creative,Media And Publishing,Healthcare And Wellbeing,Property,Infrastructure And Construction,Supply Chain,Manufacturing And Commerce Models
- Region
- Scotland
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
From the data provided, it can be seen that the average time taken for JAMES JOHNSTON & CO. OF ELGIN LIMITED to pay invoices has fluctuated over the past three periods. In the first period (Jan 2018 - June 2018), the average time to pay was 45 days. This decreased to 40 days in the following period (July 2018 - Dec 2018). However, in the most recent period (Jan 2020 - June 2020), the average time to pay has increased to 47 days. Overall, there has been a slight increase in the average time taken to pay invoices over the three periods.
Volatility Analysis
The volatility of the % Invoices paid within 30 days has been relatively stable over the past three periods, with a slight increase from 40% in the first period to 41% in the most recent period. The % Invoices paid between 31 and 60 days has also remained stable, ranging from 44% in the second period to 48% in the first period. However, there has been a significant increase in the % Invoices paid later than 60 days, from 9% in the third period to 19% in the most recent period. This indicates that JAMES JOHNSTON & CO. OF ELGIN LIMITED has been paying a higher percentage of invoices later than 60 days over the past three periods.
Summary Analysis
In the first period (Jan 2018 - June 2018), JAMES JOHNSTON & CO. OF ELGIN LIMITED had an average time to pay of 45 days, with 40% of invoices paid within 30 days, 48% paid between 31 and 60 days, and 12% paid later than 60 days. The percentage of invoices not paid within agreed terms was 10%, which was the highest of the three periods. The shortest (or only) standard payment period was 7 days.
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 2020 - 31 Dec 2020 | 20 Jan 2021 | 55 | 41% | 44% | 15% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 26 Aug 2020 | 47 | 36% | 45% | 19% | 16% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 40 | 52% | 41% | 7% | 5% |
| 01 Jan 2019 - 30 Jun 2019 | 04 Jul 2019 | 40 | 45% | 46% | 9% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 47 | 44% | 44% | 12% | 9% |
| 01 Jan 2018 - 30 Jun 2018 | 20 Jul 2018 | 45 | 40% | 48% | 12% | 10% |
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
The standard payment terms are for invoices to be settled at the end of the month following the month in which the invoice has been submitted (e.g. an invoice that is dated January will be settled at the end of February). In practice, this means that invoices will be settled in between 28 days and 61 days.
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
180
Dispute Resolution Process
Any disputes should be notified to the Accounts Payable team which can be contacted on accountspayable@johnstonsofelgin.com. Any complaints or concerns that are not resolved by the Accounts Payable team in an acceptable timescale can then be escalated to the Group Financial Controller, who the Accounts Payable team report to.
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
James Johnston & Co. of Elgin Limited is a Scottish company that specializes in the production of high-quality cashmere and woolen products. Established in 1797, the company has a rich history and has become renowned for its sustainable practices and commitment to the environment.
The company's sustainability program focuses on reducing their carbon footprint, conserving natural resources, and promoting fair labor practices. They have implemented various measures such as using renewable energy sources, reducing waste, and supporting local communities.
Their products include a wide range of cashmere and woolen garments such as scarves, sweaters, and blankets. These products are made using traditional techniques and high-quality materials, ensuring durability and luxurious comfort.
The key people at James Johnston & Co. include the current managing director, Mark Johnston, who is a direct descendant of the company's founder, and the head of design, Karen Morrison, who brings a modern touch to the traditional designs.
The company's website address is https://www.jamesjohnstoncashmere.com/ where customers can browse and purchase their products, as well as learn more about their sustainability efforts. The registered office address is 8 Cawdor Street, Elgin, Moray, IV30 1BN, Scotland.
In conclusion, James Johnston & Co. of Elgin Limited is a prestigious company known for its high-quality cashmere and woolen products and its commitment to sustainability. With a strong legacy and a focus on ethical practices, the company continues to thrive in the fashion industry.
