GOV.UK
WILLIAM HILL ORGANIZATION LIMITED
Company number: 00278208
Reporting period:
30 December 2020
to 29 June 2021
This report was filed on 28 July 2021
and approved by Eric Hageman
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 83%
- in 31 to 60 days: 11%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 37 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
William Hill’s standard payment terms have historically been 30 days from receipt of invoice. Payment terms are agreed with all regular suppliers at the point of account application and set up. Most of our suppliers are on these payment terms.
It should be noted that William Hill is in the process of implementing revised standard payment terms of 60 days for newly agreed contracts and relationships with new suppliers.
Further, in specific cases, for example where requested by smaller suppliers for cashflow purposes, or as a reflection of historically agreed terms with longer standing suppliers, we also agree non-standard payment terms. This may be by accepting our supplier’s terms or by mutual agreement of shorter, bespoke payment terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
The Group’s standard payment terms of 30 days apply to the majority of suppliers, although a small number have agreed to terms of up to 45 days. New terms allowing up to 60 days are continuing to be agreed with suppliers.
Any other information about payment terms
William Hill processes payments at least weekly and seeks to ensure that all authorised invoices are settled promptly, thereby minimising issues for suppliers. New system improvements are delivering both supplier payment efficiencies and reporting improvements across the Group.
Dispute resolution process
William Hill works collaboratively to ensure that issues raised by suppliers are both minimised and resolved quickly where they arise. The supplier will liaise with their immediate business contact in the first instance, with support from the accounts payable team as necessary to resolve. Where required, urgent issues are escalated to the senior finance team for prompt attention and authority for any non-standard means of resolution.
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