JAMES FISHER NUCLEAR LIMITED

PaymentCheck Score 2022
62Fair
0.2vs last year
#3278 in UK
#53 in Software
#141 in Scotland

Company Information

Company Number
SC204768
Registered Address
C/O FTI CONSULTING LLP, Unit C, First Floor, Logie Court Stirling University Innovation Park, Stirling, FK9 4NF
Status
In Administration
Employee Count
271
Turnover
£49,034,000
EBITDA
-£313,000

Additional Details

Company Type
Private limited Company
Incorporated On
9 March 2000
Nature of Business
62090 - Other information technology service activities
Industries
Software
Region
Scotland

Time to Pay

Average Time to Pay
42 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
41%
31-60 Days
52%
After 60 Days
7%
Not Paid Within Terms7%

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: 2023-01-30
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jan 2022 - 30 Jun 202229 Jul 20224239%53%8%8%
01 Jul 2021 - 31 Dec 202105 Apr 20224241%49%10%10%
01 Jul 2020 - 31 Dec 202020 Jan 20213955%37%8%8%
01 Jan 2020 - 30 Jun 202027 Jul 20204142%48%10%10%
01 Jul 2019 - 31 Dec 201903 Feb 20204145%46%9%9%
01 Jul 2018 - 31 Dec 201825 Jan 20193952%40%8%1%
01 Jan 2018 - 30 Jun 201831 Jul 20183961%28%11%11%

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

Unless otherwise agreed the Company will pay undisputed invoice(s) within sixty (60) days of receipt of the invoice

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

n/a

Maximum contractual payment period agreed

60

Dispute Resolution Process

Invoices received that have not been Goods Received on the JFN system are automatically placed in Dispute. Each JFN site runs the "Disputed Invoice" report weekly and pro-actively tries to resolve the issue. If the supplier has invoiced for goods / services too early the invoice will be returned to the supplier who are requested to re-invoice with a revised date. If a genuine dispute that cannot easily be resolved JFN accounts will communicate with the supplier limiting their payment expectations. The JFN Buyer / Project Manager will be in contact with the supplier to endeavour to resolve issues. Purchase Ledger will be in liaision with each JFN site for regular updates as to progress made. The issue will be escalated to Director level if invoices are in dispute for longer than 3 months with no progress made.

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

James Fisher Nuclear Limited (JFNL) is a leading provider of specialist nuclear services, operating in the UK and internationally. They provide a range of products and services for the nuclear industry, including engineering, design, decommissioning, waste management, and radiation protection.

As part of their commitment to sustainability, JFNL has implemented a sustainability program that focuses on reducing their environmental impact, promoting health and safety, and supporting local communities. This includes using renewable energy sources, reducing waste and emissions, and promoting sustainable procurement practices.

JFNL's key people include CEO Eoghan O'Lionaird and Executive Director Paul Read. They also have a team of highly skilled and experienced professionals who are dedicated to providing safe and efficient nuclear solutions.

The company's registered office address is located in Cumbria, UK, and their website is www.jfnl.co.uk. They can also be contacted via email at info@jfnl.co.uk or by phone at +44 (0)1229 615400.

Overall, JFNL is a leading provider of specialist nuclear services with a strong commitment to sustainability and providing safe and efficient solutions for the nuclear industry.

Financial Metrics

Cash
£9,825,452
Net Worth
£5,008,248
Total Current Assets
£24,802,268
Total Current Liabilities
£19,464,682

Company Location