WILLIAM GRANT & SONS BRANDS LIMITED
Company number: 08871077
Reporting period:
1 January 2018 to
30 June 2018
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 27 July 2018
and approved by Mike Lamont
Payment statistics
Average time taken to pay invoices:
53 days
Invoices paid:
- within 30 days: 20%
- in 31 to 60 days: 62%
- in 61 days or more: 18%
Invoices due but not paid within agreed terms:
42%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
45 days
Standard payment terms
Shortest: 14 days from date of invoice Longest: End of month following with 45 days being average days.
Results have been calculated based on invoice date as our systems do not record the actual date the invoice was received by the business.
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
45 days
45 days being average days
Any other information about payment terms
N/A
Dispute resolution process
In the first instance, all queries should be directed to the relevant business contact.
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