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WILSON JAMES LIMITED

Company number: 02269560

Reporting period:
1 February 2020 to 31 July 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 27 August 2020

and approved by mark abraham

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 51%
• in 31 to 60 days: 45%
• in 61 days or more: 4%

Invoices due but not paid within agreed terms: 16 %

Payment terms

Standard payment period for qualifying contracts

30 days

Standard payment terms

Suppliers are paid 30 days from the end of the month in which their invoice arrives in our offices.

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

"
Goods / services ordered by operations team and receipted electronically on ERP system. Central procurement & Purchase ledger teams process orders and invoices. Invoices are paid when goods / services are receipted by operations and payment is due per payment terms.
Procurement & Purchase ledger teams act as intermediary to resolve disputes between suppliers and operations."

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.

Yes – Prompt Payment Code

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