TREASURY WINE ESTATES EMEA LIMITED
Company number: 02059191
Reporting period:
1 January 2026 to 30 June 2026
Report filed on:
26 October 2026
Approved by:
Hannah Elizabeth Chambers
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: 42 days
Total value paid:
- within 30 days: £18,750,095 (30%)
- in 31 to 60 days: £40,373,903 (64%)
- in 61 days or more: £4,196,075 (7%)
Invoices paid:
- within 30 days: 34%
- in 31 to 60 days: 49%
- in 61 days or more: 17%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £17,734,328
- payments due in the reporting period which have not been paid within the agreed period: 35%
- not made in the reporting period due to a dispute: 0%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
96 days
Standard payment terms
TWE has two standard payment terms. 65 Days After End of Month (in which invoice is dated) is the most common term and 14 Days After End of Month to support our Local Procurement Code for small business.
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
96 days
No further comment provided
Any other information about payment terms
Treasury Wine Estates has a no Purchase Order no payment policy. Invoices received by the Accounts Payable team without a valid TWE purchase order stated are rejected and an email is sent to the supplier with information detailing the reason of the rejection and how to rectify the issue.
Dispute resolution process
More complex disputes between the supplier and TWE (such as pricing and inventory) are managed between the supplier and the relevant TWE employee who manages the ordering of the goods and service. Any resubmitted invoice is then normally paid within terms.
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