WGC LTD
Company number: 01163829
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
30 October 2019
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%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 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?
No
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 Fair 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