WILLMOTT DIXON CONSTRUCTION LIMITED
Company number: 00768173
1 July 2022
to 31 December 2022
This report was filed on 30 January 2023
and approved by Graham Dundas
Average time taken to pay invoices: 28 days
- within 30 days: 75%
- in 31 to 60 days: 23%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 12 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
Payment terms are agreed with the supply chain partners and quoted on each purchase order but are typically:
19 days from certification date on certain public sector frameworks.
30 days from valuation on a number of other major frameworks.
42 days from the valuation date for supply of other works partner services.
30 days from invoice date for the supply of other goods and services.
In line with the July 2021 update to the PPC, steps have been implemented to ensure that small companies are paid in 30 days or less.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Willmott Dixon prides itself in fostering open and strong relationships with its supply chain partners. Suppliers are provided with key contact details for each project and every local office employs a Supply Chain Manager, Finance Manager and Commercial Director who monitor payments and provide an escalation route in the event that any dispute or payment issue arises.
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 – The 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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?