NWF AGRICULTURE LIMITED
Company number: 01117234
Reporting period:
1 December 2018
to 31 May 2019
This report was filed on 2 July 2019
and approved by Mr Robert Thomas
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 36%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 64 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Payment Terms including any standard contractural length of time for payment of invoices and the maximum contractual payment period, any changes to standard terms, whether suppliers have been noticied or consulted on these changes
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Once a dispute is identified, the supplier is contacted via email (sometimes by phone) to advise them of the query, the physical invoices are then placed in a query folder, and the invoice on the ERP system is marked with a query, and a copy of the email is attached in the ERP system
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