SCOT J C B LIMITED

PaymentCheck Score 2024
86Good
#1442 in UK
#32 in Environment
#66 in Scotland

Company Information

Company Number
SC051692
Registered Address
400 Townmill Road, Glasgow, G31 3AR
Status
Active
Employee Count
301
Turnover
£204,897,000
EBITDA
£7,503,000

Additional Details

Company Type
Private limited Company
Incorporated On
31 October 1972
Nature of Business
46610 - Wholesale of agricultural machinery, equipment and supplies
46630 - Wholesale of mining, construction and civil engineering machinery
Industries
Environment,Agriculture And Waste,Supply Chain,Manufacturing And Commerce Models
Region
Scotland

Time to Pay

Average Time to Pay
26 days
Shortest Period:0 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
77%
31-60 Days
19%
After 60 Days
4%
Not Paid Within Terms8%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2021-07-22
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202412 Mar 20252680%17%3%3%
01 Jan 2024 - 30 Jun 202412 Mar 20252778%20%2%2%
01 Jul 2020 - 31 Dec 202007 May 20214065%32%3%18%
01 Jan 2020 - 30 Jun 202007 May 20213757%34%9%12%
01 Jul 2019 - 31 Dec 201907 May 20213863%29%9%11%
01 Jan 2019 - 30 Jun 201915 Oct 20193170%25%5%14%

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 terms are payment at the end of the month following receipt of the invoice. As part of our fraud prevention measures, suppliers must send a statement of account or other independent confirmation of balance due before payment is made. Other payment terms apply where these have been consulted on and agreed in advance with the supplier concerned.

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

Dispute Resolution Process

We deal with suppliers in a fair, consistent and professional manner. Invoices being disputed or held from payment for any other reason are logged centrally in our computer system so that the reason can be advised to suppliers. If the query cannot be resolved by the accounts payable team the matter is referred to the line manager responsible for authorising that expense with the name of that manager recorded centrally so that suppliers can be informed of the specific person dealing with the delay.

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.

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.

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.

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

SCOT J C B LIMITED is a British company that specializes in the manufacturing and distribution of construction equipment and machinery. Founded in 1945, the company has a long-standing history in the industry and is known for its commitment to sustainability.

The company's sustainability program focuses on reducing their environmental impact through various initiatives such as implementing energy-efficient practices, using sustainable materials in their products, and promoting recycling and waste reduction. They also have a strong focus on ethical and responsible business practices, ensuring fair treatment of employees and suppliers.

SCOT J C B LIMITED offers a wide range of products and services including excavators, backhoe loaders, telescopic handlers, and skid steer loaders. Their products are known for their high quality and efficiency, making them a trusted choice for construction companies and contractors.

The key people at SCOT J C B LIMITED include Lord Anthony Bamford, Chairman, and Graeme Macdonald, CEO. Both have extensive experience in the industry and are committed to driving the company's success while maintaining their sustainability goals.

For more information on SCOT J C B LIMITED and their products and services, you can visit their website at www.jcb.com. Their registered office address is J C Bamford Excavators Ltd, Rocester, Staffordshire, ST14 5JP, United Kingdom. Overall, SCOT J C B LIMITED is a reputable and sustainable company that continues to grow and innovate in the construction equipment industry.

Financial Metrics

Cash
£4,149,000
Net Worth
£37,336,000
Total Current Assets
£74,814,000
Total Current Liabilities
£44,651,000

Company Location