WALKERS SNACKS LIMITED
Company number: 03474989
Reporting period:
27 June 2021 to
31 December 2021
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 28 January 2022
and approved by John Doyle
Payment statistics
Average time taken to pay invoices:
70 days
Invoices paid:
- within 30 days: 24%
- in 31 to 60 days: 31%
- in 61 days or more: 45%
Invoices due but not paid within agreed terms:
15%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
76 days
Standard payment terms
Longest standard term, 61 days following month of invoice (Average of 76 days)
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
91 days
Maximum contract period.
Invoices dated 1st of the month, based on 61 days following month of invoice payment term. 30+61 days
Any other information about payment terms
N/A
Dispute resolution process
The business operates an accounts payable helpdesk model to service supplier queries. Queries are answered within 3 working days following receipt of the query by a managed outsourced service provider.
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.
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