WHITWORTHS LIMITED
Company number: 05269846
Reporting period:
1 January 2020 to 30 June 2020
Report filed on:
14 July 2020
Approved by:
Daniel Jarman
Payment statistics
Average time taken to pay invoices: 62 days
Invoices paid:
- within 30 days: 14%
- in 31 to 60 days: 32%
- in 61 days or more: 54%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 2%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
Our standard payment terms are in line with the agreed supplier agreement ranging from 0 - 120
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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Invoice is processed against the Purchase Order, disputes reviewed as per the below Quantity error is submitted to the Expeditor to review and challenge directly with the supplier Price error is submitted to the Buyer to review and challenge directly with the supplier Once the query is resolved a credit note is posted as appropriate and the invoice is subsequently paid. The above is usually completed with 7 - 14 days dependant on the time zones of 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 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