DONALD WARD LIMITED
Company number: 01292288
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 18 December 2020
and approved by James Balfour
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 82%
- in 31 to 60 days: 12%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 6 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
We pay a high volume of invoices on the day of receipt, we also pay some suppliers on 7 days, some on 14 days, 30 days and general expenses can be nett monthly
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
Any complaints go through purchase ledger and if escalated are passed to the Accounts Manager and Financial Director if warranted. We aim to resolve disputes within 7 days of the complaint
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
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