GOV.UK
WHITWORTH BROS.LIMITED
Company number: 00465899
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 30 April 2019
and approved by Mike Peters
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 64%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 80 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
50 days
Standard payment terms
Standard payment terms are 45 days from date of invoice, but exceptions are Wheat suppliers (28 days from date of invoice), Maize suppliers (0 days / due immediately) and Wheat boats (0 days / due immediately).
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
50 days
Any other information about payment terms
As a business we will always try and pay to our agreed supplier terms, but we only do a non-wheat payment run once a week on a Friday, which invariably will result in most of our payments appearing late, even if only by a few days. If you take this weekly payment run practice into account and allow 7 days tolerance on the due date, our non-payment % reduces to <10%.
Dispute resolution process
The Company advocates a consensual process in achieving a dispute resolution, such as mediation/negotiation, in which parties will attempt to reach agreement directly. Pursuing an adjudicative process, such as litigation or arbitration, in which a court determines the outcome is seen as a last resort.
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.
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