WILKINSON HARDWARE STORES, LIMITED
Company number: 08856837
Reporting period:
4 February 2018
to 3 August 2018
This report was filed on 30 August 2018
and approved by Sean Toal
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 40%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 16 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Standard terms are 60 days but payment varies from immediate payment right through to 60 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 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.
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