GOV.UK
WANZL LIMITED
Company number: 01403566
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 10 February 2021
and approved by Dean Rolland
Payment statistics
Average time taken to pay invoices: 50 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: 25 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Wanzl UK Standard Payment terms for qualifying contracts can be broadly categorised as:
1) 30 days End of Month
2) 60 days End of Month
3) Non-Credit Accounts
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
NONE
Any other information about payment terms
NONE
Dispute resolution process
Disputes Resolution Process:
1) Business adopt key procurement process of:
a) raising PO's,
b) PO approval by authorised staff
c) Confirming receipt of Goods & service before processing invoice on system
d) matching supplier invoice to PO
2) Concerns are raised to Purchase Ledger department via phone/email
3) Depending on nature of issue, linked parties including procurement officer/manager, and
personnel requesting/agreeing the spend are included to support dispute resolution.
4) Invoices remains on query until investigations are completed, with general business policies to
complete investigation with reasonable priority.
5) Once there is evidence (or Not) of disputes being substantiated, Accounts Payable/(Finance)
team/ Expense requestor/Procurement officer would communicate back to supplier with actions.
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