WILLIAM ROWLAND LIMITED

Company number: 00853661

Reporting period:
1 January 2021 to 30 June 2021

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This report was filed on 1 August 2021

and approved by Neil Berry

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 33%
• in 31 to 60 days: 54%
• in 61 days or more: 13%

Invoices due but not paid within agreed terms: 67%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

The company does not have standard supplier payment terms, however it endeavors to pay the supplier invoices based on the payment terms as stipulated by the supplier.

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

As required by certain suppliers or by mutual agreement

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

As required by certain suppliers or by mutual agreement

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

We endeavor to resolve all disputes in a fair and timely manner. Disputes are resolved by discussion and agreement with a supplier and are typically managed initially by the accounts team and, where necessary, by the commercial management or Group Finance team.

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, 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