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CHARLES WELLS BREWERY LIMITED

Company number: 05720806

Reporting period:
1 October 2017 to 31 March 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 23 April 2018

and approved by Anthony Fryer

Payment statistics

Average time taken to pay invoices: 61 days

Invoices paid:

• within 30 days: 21%
• in 31 to 60 days: 49%
• in 61 days or more: 30%

Invoices due but not paid within agreed terms: 42 %

Payment terms

Shortest standard payment period

45 days

Longest standard payment period

75 days

Standard payment terms

15 Days after the end of the second month

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

No

Maximum contractual payment period agreed

75 days

15 Days after the end of the second month

Any other information about payment terms

N/A

Dispute resolution process

Dispute Resolution:
Queries should be emailed to accountspayable@charleswells.co.uk along with a copy of the Invoice(s). Where Invoices contain a Purchase Order number or the name of the Orderer / Approver an update should be received within 5 Working Days. Where Invoices do not contain a Purchase Order Number or the name of the Orderer / Approver then investigation could take longer

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 Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No

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.

Yes

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