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WILKO LIMITED

Company number: 00365335

Reporting period:
31 January 2021 to 30 July 2021

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This information is as reported by the business, and responses are in their own words.

This report was filed on 27 August 2021

and approved by Karen Mackay

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 38%
• in 31 to 60 days: 57%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 6 %

Payment terms

Shortest standard payment period

45 days

Longest standard payment period

90 days

Standard payment terms

Standard terms are 45, 60 and 90 days but payment varies from immediate payment through to 90 days

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

Wilko finance team review supplier statement reconciliations to work through any disputes.
These are reported to our buying and finance management teams with the aim of resolving payment queries as quickly as possible.
Suppliers with disputes should contact the finance department by telephone on 01909 505505 or by post at:
Finance Department, J K House, Roebuck Way, Manton Wood, Worksop, Notts, S80 3EG.

Wilko precedent contracts for goods and services contain dispute resolution clauses.
Where wilko contracts on supplier terms, wilko seeks to include dispute resolution clauses - and these
are generally accepted as they are beneficial to both parties.

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