Published reports

WESTERN PROVIDENT ASSOCIATION LIMITED

Company number: 00475557

This information is as reported by the business, and responses are in their own words.

Reporting period:

1 January 2020 to 30 June 2020

Report filed on:

23 July 2020

Approved by:

Donna Eavis

Payment statistics

Average time taken to pay invoices: 23 days

Invoices paid:

  • within 30 days: 81%
  • in 31 to 60 days: 11%
  • in 61 days or more: 8%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 23%

Payment terms

Shortest standard payment periods

28 days

Longest standard payment period

59 days

Standard payment terms

Within 28 days after the end of the month in which the Seller renders to WPA a valid invoice

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

92 days

No further comment provided

Any other information about payment terms

Payments are made weekly, WPA terms are available at http://www.wpa.org.uk/purchaseterms

Dispute resolution process

The supplier should raise any disputes with their direct WPA contact in the first instance, if none available then contact the WPA Finance team at finance@wpa.org.uk. Any disputes will be dealt with by the relevant department, with the involvement of the Chief Finance Officer where necessary.

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