GOV.UK
WALDORF PRODUCTION UK LIMITED
Company number: 05030838
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 27 January 2020
and approved by Venkata Vardhana Aaditya Chintalapati
Payment statistics
Average time taken to pay invoices: 17 days
Invoices paid:
- within 30 days: 91%
- in 31 to 60 days: 8%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 22 %
Payment terms
Shortest standard payment period
10 days
Longest standard payment period
30 days
Standard payment terms
Standard payment terms are based on the due dates as shown on the invoice received. Our most frequent payment terms are Due on Receipt, Net 10, Net 15, Net 30.
If there is no due date shown on the invoice, payment will be determined on the type of contract. G&A invoices are paid Net 30. All other types of invoices are paid Due on Receipt.
If the invoice is received after the stated due date, payment terms are Due on Receipt.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
The Maximum Payment Period that the company has is 60 days. This payment period is only used when stated on the invoice received.
Any other information about payment terms
N/A
Dispute resolution process
How payments are made on disputed items depends on the type of contract.
JIB contracts: Payments are made by the due date and any disputes are handled between the appropriate department and the vendor. Any necessary adjustments will be made on future billings.
All other contracts: Payment is withheld until the dispute is resolved.
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.
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