WILLMOTT DIXON CONSTRUCTION LIMITED

Company number: 00768173

Reporting period:
1 January 2019 to 30 June 2019

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This report was filed on 29 July 2019

and approved by Graham Dundas

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

• within 30 days: 53%
• in 31 to 60 days: 45%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 11%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

60 days

Standard payment terms

Payment terms are agreed with the supply chain partners and quoted on each purchase order but are typically: 19 days from certification date on certain public sector frameworks. 30 days from valuation on a number of other major frameworks. 42 days from the valuation date for supply of other works partner services. 30 days from the end of the month for the supply of other goods and services.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

N/A

Any other information about payment terms

N/A

Dispute resolution process

Willmott Dixon prides itself in fostering open and strong relationships with its supply chain partners. Suppliers are provided with key contact details for each project and every local office employs a Supply Chain Manager, Finance Manager and Commercial Director who monitor payments and provide an escalation route in the event that any dispute or payment issue arises.

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.

Yes, this business has signed up to: The Prompt Payment Code

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.

Yes

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