J D WETHERSPOON PLC
Company number: 01709784
Reporting period:
28 January 2019
to 28 July 2019
This report was filed on 27 November 2019
and approved by Ben Whitley
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 35%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
JD Wetherspoon does not have standard payment terms. Payment terms are agreed on a vendor by vendor basis.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
180 days
All vendors on 180 day terms have access to supply chain financing.
Any other information about payment terms
N/A
Dispute resolution process
If there is a disagreement between JD Wetherspoon and one of its suppliers, depending on the nature of the disagreement, resolution will be sought by the team responsible for the area where the dispute has arisen, the commercial team responsible for supplier contracts or senior management.
JD Wetherspoon has dedicated teams and standardised processes for dealing with disagreements with its supplier of goods and repetitive services e.g. waste disposal, maintenance services etc.
Disputes related to other suppliers are dealt with on a case-by-case basis.
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.
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