WATSON-MARLOW LIMITED
Company number: 02481019
Reporting period:
1 July 2023 to 31 December 2023
Report filed on:
12 February 2024
Approved by:
Andrew Gordon Silver
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 27%
- in 31 to 60 days: 66%
- in 61 days or more: 6%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 28%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
62 days
Standard payment terms
30 days EOM & 60 days EOM +2
Were there any changes to the standard payment terms in the reporting period?
Some suppliers payment terms were changed to 60 days EOM +2
Were suppliers notified or consulted about these changes before they were made?
A letter was sent to suppliers advising them of the new terms.
Maximum contractual payment period agreed
62 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any disputes are referred to the purchasing teams who deal with them in a timely manner.
Other payment information
Has this business signed up to a code of conduct or standards on payment practices? If so, which?
For example, signatories to The Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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.
No
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.
No
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?
No
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No