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WHICH? LIMITED

Company number: 00677665

Reporting period:
1 January 2020 to 30 June 2020

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

This report was filed on 24 July 2020

and approved by Anabel Hoult

Payment statistics

Average time taken to pay invoices: 19 days

Invoices paid:

• within 30 days: 99%
• in 31 to 60 days: 1%
• in 61 days or more: 0%

Invoices due but not paid within agreed terms: 13 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Where Which? Limited operates its relationships on its own terms, the standard contractual length of time for payment of invoices is 30 days. The maximum length of time applied during the reporting period was 30 days. There were no changes to the standard payment terms during the reporting period.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

Complaints or concerns relating to payment practices will, in the first instance, be considered and/or investigated by the bought ledger manager following receipt. Disputes are handled on a case by case basis with appropriate input from the relationship manager, Group Risk and Group Legal as considered necessary.

Supplier correspondence relating to invoices, changes to details and complaints should be sent directly to the Bought Ledger team via email or post.

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