PERELLA WEINBERG PARTNERS UK LLP
Company number: OC319198
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
1 March 2019
Approved by:
Gary Barancik on behalf of the Principal Member
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 13%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms for 'goods not for resale' - PWP's standard payment terms are "payment within 30 days". Unless alternative terms have been agreed between PWP and the Vendor.
- Standard payment terms for 'goods for resale' (Non-food) – N /A
- Standard payment terms for all other 'goods for resale' (food, non-food grocery, entertainment etc.) - N/A
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
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Disputes between PWP and a Vendor are handled by the PWP Accounts Payable team and the department responsible for managing the Vendor relationship. Any disputes will be resolved as soon as practically possible.
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