WILLIAMS LEA LIMITED
Company number: 02119266
1 July 2019
to 31 December 2019
This report was filed on 31 January 2020
and approved by Mark Smith
Average time taken to pay invoices: 81 days
- within 30 days: 3%
- in 31 to 60 days: 13%
- in 61 days or more: 85%
Invoices due but not paid within agreed terms: 76 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Standard payment terms are 60 days end of month. There are exceptions to this where we are contractually obliged to pay earlier
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Suppliers can contact us by email firstname.lastname@example.org or by telephone: 0207 772 4665. Their query is logged and an incident
number assigned to the query. The incident number is used to monitor progress of the query and to communicate with the vendor. An acknowledgment of the query is sent immediately. We aim to respond to the query within 48 hours of the ticket being logged. The resolution is dependent on the complexity of the query. Once full resolution has been completed the ticket is closed and notification sent to the supplier.
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?