WGC LTD

Company number: 01163829

Reporting period:
1 April 2020 to 30 September 2020

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This report was filed on 29 October 2020

and approved by MELANIE TROIANO

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 35%
• in 31 to 60 days: 57%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 66%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

365 days

Standard payment terms

weekly payments are made to suppliers based on all invoices per the aged creditors report that have moved into the 30 day column

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

365 days

some suppliers invoice in advance on an annual basis and payments are made by DD monthly

Any other information about payment terms

N/A

Dispute resolution process

any queries regarding discrepancies on invoice values are dealt with directly with the supplier by our accounts team by way of correspondence via email and telephone. If further clarification is sought then the queries are sent to relevant operation teams with the aim to clear any disputed amounts as efficiently as possible

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