UTILITY WAREHOUSE LIMITED

Company number: 04594421

Reporting period:
1 April 2020 to 30 September 2020

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This report was filed on 29 October 2020

and approved by Nick Schoenfeld

Payment statistics

Average time taken to pay invoices: 13 days

Invoices paid:

• within 30 days: 96%
• in 31 to 60 days: 1%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 4%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Most frequently used payment terms for qualifying contracts = 30 Days

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

30 days

No further comment provided

Any other information about payment terms

Not applicable

Dispute resolution process

Disputes are generally resolved on a case by case basis depending on the business terms agreed within a contract. The Company's Purchase Ledger department should be the first point of contact if a supplier has a dispute relating to payment. Complaints or concerns will be passed to and dealt with by the relevant department head, with the involvement of the Group Financial Controller or Legal Department 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 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