WICKERSLEY PARTNERSHIP TRUST
Company number: 08833508
Reporting period:
1 March 2023 to 31 August 2023
Report filed on:
30 October 2023
Approved by:
Helen O'Brien
Payment statistics
Average time taken to pay invoices: 19 days
Invoices paid:
- within 30 days: 87%
- in 31 to 60 days: 8%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
Most contracts have a standard payment term of 30 days, however some small businesses have an agreement to receive immediate or shorter terms payment on receipt of an invoice. We also have suppliers with payments terms of 14 days these include the local authority and supply agency invoices
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
A Finance Officer will file their concern/complaint to the provider within 24 hours. This will be followed up by the Finance Officer if no resolution is achieved within a week. if the complaint/concern is not resolved this will be passed to the Finance Manager who will follow up the concern/complaint if there is no resolution then this will be passed to the CFO to resolve.
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 Fair 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