WEWORK INTERNATIONAL LIMITED

Company number: 09280068

Reporting period:
1 January 2023 to 30 June 2023

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This report was filed on 29 July 2023

and approved by Michael DePinho

Payment statistics

Average time taken to pay invoices: 54 days

Invoices paid:

• within 30 days: 39%
• in 31 to 60 days: 34%
• in 61 days or more: 27%

Invoices due but not paid within agreed terms: 78%

Payment terms

Shortest standard payment periods

7 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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Dispute resolutions: Any queries from suppliers are to be sent to europepayments@wework.com or our registered address WeWork International Limited, 10 York Road SE1 7ND 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