WILSON JAMES LIMITED
Company number: 02269560
Reporting period:
1 February 2021 to
31 July 2021
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 20 August 2021
and approved by MARK ABRAHAM
Payment statistics
Average time taken to pay invoices:
36 days
Invoices paid:
- within 30 days: 39%
- in 31 to 60 days: 57%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms:
12%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
30 days from date of invoice
Were there any changes to the standard payment terms in the reporting
period?
Answer not provided
Were suppliers notified or consulted about these changes before they
were made?
N/A
Maximum contractual payment period agreed
60 days
None
Any other information about payment terms
None
Dispute resolution process
Goods / services ordered by operations team and receipted electronically on ERP system. Central procurement & Purchase ledger teams process orders and invoices. Invoices are paid when goods / services are receipted by operations and payment is due per payment terms.
Procurement & Purchase ledger teams act as intermediary to resolve disputes between suppliers and operations.
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.
Yes, this business has signed up to:
prompt payment code
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