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J D WETHERSPOON PLC

Company number: 01709784

Reporting period:
27 January 2020 to 26 July 2020

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This information is as reported by the business, and responses are in their own words.

This report was filed on 29 January 2021

and approved by Ben Whitley

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 47%
• in 31 to 60 days: 37%
• in 61 days or more: 16%

Invoices due but not paid within agreed terms: 38 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

90 days

Standard payment terms

JD Wetherspoon does not have standard payment terms. Payment terms are agreed on a supplier by supplier basis.

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

Yes – JD Wetherspoon negotiated a number of deferred payment agreements with vendors during C19 non-trading periods, which resulted in an increase in the average time taken to pay invoices.

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

Yes – JD Wetherspoon agreed payment deferral plans directly with some of our largest suppliers.

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

If there is a disagreement between JD Wetherspoon and one of its suppliers, resolution will be sought by the team responsible for the area where the dispute has arisen, dependent on the nature of the disagreement. Escalations would move back into the commercial team responsible for supplier contracts, or senior management.

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