WGC LTD

Company number: 01163829

Reporting period:
1 April 2019 to 30 September 2019

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This report was filed on 30 October 2019

and approved by MELANIE TROIANO

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 49%
• in 31 to 60 days: 46%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 64%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

45 days

Standard payment terms

weekly payments made to suppliers based on all invoices on aged analysis in 30 day column or above

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

45 days

n/a

Any other information about payment terms

some suppliers invoice annually or quarterly and payments are made by direct debit monthly to clear invoice values

Dispute resolution process

correspondence via email and telephone discussions between both party's accounts departments initially and then referral to any other departments within the business where necessary with the aim for resolution as soon 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, this business has not signed up to a code of conduct or standards on payment practices.

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