GOV.UK
WARBURTONS LIMITED
Company number: 00178711
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 23 April 2021
and approved by D Andrew Light
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 10%
- in 31 to 60 days: 51%
- in 61 days or more: 39%
Invoices due but not paid within agreed terms: 19 %
Payment terms
Standard payment period for qualifying contracts
60 days
Standard payment terms
The price of or rates specified in the Order for the performance of the Services and/or supply of the Goods shall be fixed and shall be exclusive of VAT and inclusive of all disbursements and costs of performance including, without limitations costs of obtaining all licences and consents from any third parties in accordance with condition 4.5 and condition 4.6
Payment shall be made after performance of the Services and/or supply of the Goods within the period specified in the Order, if none specified the Buyer shall pay on the next weekly payment run following 60 days from receipt of the Supplier's VAT invoice together with a copy of the relevant purchase order attached.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
The Company has a dedicated email address.
(accounts.payable@warburtons.co.uk) for all vendor queries. Vendors with invoice queries need to contact this address, or a member of the Accounts Payable team directly. The Accounts Payable team will reach out to the invoice contact if not clear from the system why the invoice has not been approved for payment.
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.
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.
Yes
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