DIRECT WINES LIMITED
Company number: 01095091
Reporting period:
28 June 2025 to 27 December 2025
Report filed on:
23 January 2026
Approved by:
Benjamin Chaffé
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 14 days
Total value paid:
- within 30 days: £42,026,491 (92%)
- in 31 to 60 days: £3,288,951 (7%)
- in 61 days or more: £290,896 (< 1%)
Invoices paid:
- within 30 days: 96%
- in 31 to 60 days: 3%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £11,409,220
- payments due in the reporting period which have not been paid within the agreed period: 25%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Direct Wines Limited does not have standard payment terms. Payment terms are agreed on an individual basis with all suppliers as part of contractual negotiations.
The statistic for “Percentage of invoices not paid within agreed terms” has been calculated strictly on the basis that payment is made later than the due date printed on the invoice. Our ability to pay invoices by the printed due date is dependent on the timely receipt of a valid invoice for goods or services received. We note that where invoices are received close to or after the printed due date, or where agreed terms are zero days, this may automatically result in those invoices being paid beyond the agreed terms.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Disputes with suppliers are resolved through agreement between the relevant member of staff at the supplier and his/her primary contact at Direct Wines Limited.
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