WEWORK INTERNATIONAL LIMITED
Company number: 09280068
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
31 January 2023
Approved by:
Mathieu Proust
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 60%
- in 31 to 60 days: 32%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 72%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
WeWork standard payment terms are Net 30. WeWork Terms and Conditions (as available at https://www.wework.com/vendortcs/uk and as updated from time to time, the "Terms and Conditions").
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
30 days
NA
Any other information about payment terms
NA
Dispute resolution process
Dispute resolutions: Any queries from suppliers are to be sent to europepayments@wework.com or our registered address c/o Legalinx Ltd, 3rd Floor 207 Regent Street, London, W1B 3HH and are escalated to our Accounts Payable team for investigation and resolution in conjunction with relevant stakeholders within the business.
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