WOODBRIDGE TIMBER LIMITED
Company number: SC083339
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
31 October 2019
Approved by:
Scott Anderson
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 68%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
70 days
Standard payment terms
The majority of our suppliers are paid Net Monthly (end of month following invoice) by cheque or bank transfer. Other terms are negotiated on a supplier by supplier basis.
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
70 days
Maximum days on Net Monthly payments including time taken for money to reach supplier's bank account.
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes over payments can be discussed with the accounts team and on resolution of the dispute, we will aim to rectify any outstanding payment by the end of the following week.
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