WALKERS SNACKS (DISTRIBUTION) LIMITED

Company number: 03566410

Reporting period:
28 June 2020 to 26 December 2020

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This report was filed on 25 January 2021

and approved by John Doyle

Payment statistics

Average time taken to pay invoices: 76 days

Invoices paid:

• within 30 days: 19%
• in 31 to 60 days: 24%
• in 61 days or more: 58%

Invoices due but not paid within agreed terms: 18%

Payment terms

Shortest standard payment periods

45 days

Longest standard payment period

76 days

Standard payment terms

Longest standard term, 61 days following month of invoice (Average of 76 days)

Were there any changes to the standard payment terms in the reporting period?

More suppliers moving to 61 days following month of invoice during the reporting period

Were suppliers notified or consulted about these changes before they were made?

Notified through contract negotiation or letter

Maximum contractual payment period agreed

91 days

Maximum contract period. Invoices dated 1st of the month, based on 61 days following month of invoice payment term. 30+61 days

Any other information about payment terms

n/a

Dispute resolution process

The business operates an accounts payable helpdesk model to service supplier queries. Queries are answered within 3 working days following receipt of the query by a managed outsourced service provider.

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.

Yes

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