WGC LTD
Company number: 01163829
Reporting period:
1 October 2017
to 31 March 2018
This report was filed on 27 April 2018
and approved by MELANIE TROIANO
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 54%
- in 31 to 60 days: 40%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 89 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
weekly payments made for all invoices on aged analysis reported in the 30 day column
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
45 days
some supplier will invoice annually in advance and invoices are due to be settled by monthly standing order and hence take 1 year to clear totally
Any other information about payment terms
N/A
Dispute resolution process
correspondence via email and telephone discussion between both party's accounts departments initially and then referral to any other departments within the business where necessary with the aim of resolution as quickly as 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 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.
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.
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