WILLIAMSON-DICKIE EUROPE LIMITED
Company number: 01757853
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
9 August 2018
Approved by:
Tom Rossi
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 45%
- in 61 days or more: 24%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 68%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
230 days
Standard payment terms
Williamson-Dickie Europe Ltd has two main standard payment terms which are 30 and 60 days. These terms may vary in accordance with individual agreements with suppliers.
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
230 days
N/A
Any other information about payment terms
The relatively high % of payments made 'Over-Terms' are somewhat due to having a fortnightly payment schedule, therefore depending on the actual invoice due date it may be 'picked' up for payment up to 2 weeks after Due Date. Suppliers are aware of this and are familiar with the schedule. Williamson-Dickie have recently reviewed this schedule and are in the process of moving to a weekly payment schedule which should reduce payments made 'over-terms'
Dispute resolution process
Williamson-Dickie Europe Ltd will raise any queries that will affect Supplier Payments with the relevant Internal Departments and with the Suppliers as soon as possible and resolve appropriately
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