WILSON JAMES LIMITED
Company number: 02269560
1 February 2020
to 31 July 2020
This report was filed on 27 August 2020
and approved by mark abraham
Average time taken to pay invoices: 33 days
- 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 %
Standard payment period for qualifying contracts
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?
Maximum contractual payment period agreed
Any other information about payment terms
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.
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?