GOV.UK
WILLIAMS MOTOR CO.(HOLDINGS)LIMITED
Company number: 00597708
Reporting period:
1 July 2022
to 31 December 2022
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 6 February 2023
and approved by G Adams
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 34%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 25 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
As standard we pay by BACS in the month after the month of invoice. For example, January dated invoices will be paid in February, assuming they have been sent to us and received by us within the correct processing period.
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
Any disputes are handled by our site accounting departments and line managers who will be in contact with the supplier to explain the situation and give reasons for the issues. We aim to resolve any and all issues promptly without undue delay.
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.
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