GOV.UK
WILLOW ROLLING STOCK UK LIMITED
Company number: SC177821
Reporting period:
1 July 2019
to 31 December 2019
This report was filed on 29 January 2020
and approved by Alan Lowe
Payment statistics
Average time taken to pay invoices: 6 days
Invoices paid:
- within 30 days: 100%
- in 31 to 60 days: 0%
- in 61 days or more: 0%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
61 days
Standard payment terms
The standard payment terms can vary for different type of contracts that are agreed. The Company agrees appropriate terms of payment with suppliers for each transaction or series of transactions, and abide by those terms based on satisfactory completion and/or delivery of the good or service and the timely submission of invoices.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
61 days
Any other information about payment terms
N/A
Dispute resolution process
The Company seeks to deal with all suppliers in a fair and reasonable manner. The accounts payable will at first attempt to resolve dispute. In the event accounts payable cannot resolve the dispute it would be escalated to senior management for resolution.
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