WHITE STUFF LIMITED
Company number: 02319237
Reporting period:
3 November 2020 to 24 April 2021
Report filed on:
26 May 2021
Approved by:
Mr Nicholas Mather
Payment statistics
Average time taken to pay invoices: 68 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 21%
- in 61 days or more: 35%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
Stock standard payment terms are paid 45 - 120 days from shipment date (takes into account delivery times from overseas). Overhead standard payment terms are 30 days from invoice date. Rent, rates, paid upfront or 7 days.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any invoice in dispute (quality issues, timing, error) is put on hold, and the Finance Department and relevant Department work with the Supplier to resolve in a timely manner. The result is either the invoice is paid once (all agreed the services and products have been delivered), or a credit note is raised. If issues or the dispute continues, this will be escalated to the next senior member in Finance and the relevant Department.
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 Fair 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