WOWCHER LIMITED
Company number: 04264984
Reporting period:
1 April 2020 to
30 September 2020
This report was filed on 29 October 2020
and approved by Karen Kemble-Diaz
Payment statistics
Average time taken to pay invoices: 23 days
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 60%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 6%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Our standard terms for payments to trade suppliers are net monthly i.e. payment by end of month following receipt of invoice (unless agreed otherwise). In addition to this weekly payments are made to merchants in respect of redeemed vouchers with a mixture of immediate and 28 days settlement terms
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Net monthly is our longest contractual period. (60 days)
Any other information about payment terms
N/A
Dispute resolution process
Our purchase orders contain contact details where payment queries can be direct to for suppliers. Any received will be sent to the relevant department to resolve directly with 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 Prompt 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