GOV.UK
WINCANTON HOLDINGS LIMITED
Company number: 02155951
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 3 May 2019
and approved by T Lawlor
Payment statistics
Average time taken to pay invoices: 62 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 48%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 26 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
The most common contractual terms for non-preferred suppliers are 90 days, 60 days for sub-contact haulage and we have a variety of payment terms for preferred suppliers, with 30 days being the most frequently used. The average contractual terms are 68 days from date of receipt.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
We have a process in place to deal with queries and disputes on supplier invoices and payments.
We offer our suppliers access to a vendor accounts payable portal where they can view Purchase orders, invoice status and payment remittances. To assist our suppliers with using our vendor portal we offer training, a user manual and quick guide when the portal account is activated.
We also have a supplier helpdesk which logs a ticket against all queries submitted, our suppliers can contacts us by phone on 0844 736 2412 or email on Supplier.Helpdesk@wincanton-services.com, our supplier helpdesk operational hours are 08:30 – 17:00 Monday to Friday.
These are then responded to in accordance with our SLA's, any queries that require escalation can be escalated to our central finance function and/or operational sites.
Suppliers can also contact us via our get in touch email address getintouch@wincanton.co.uk.
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