WSP UK LIMITED
Company number: 01383511
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Miles Barnard
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 35%
- in 61 days or more: 12%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 88%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms are 60 days from date of invoice
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
60 days
One standard contract only in place
Any other information about payment terms
No further comment provided
Dispute resolution process
Project Managers or Cost Centre Mangers are responsible for raising a query regarding payment of an invoice, upon receipt of the request to complete a goods receipt. The Manager is also responsible for owning the query until such time agreement has been reached to make payment, or a credit note has been obtained. The Manager instructs Accounts Payable to amend payment status of the invoice to prevent payment.
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.
Yes
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