W & J LINNEY LIMITED
Company number: 00137552
Reporting period:
1 May 2023
to 31 October 2023
This report was filed on 24 November 2023
and approved by Carl Darren Drake
Payment statistics
Average time taken to pay invoices: 52 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 35%
- in 61 days or more: 44%
Invoices due but not paid within agreed terms: 86 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
90 days
Standard payment terms
Our standard payment terms are 60 days from date of invoice, with the exception of larger paper and outwork suppliers, who are predominantly on 90 days from date of invoice. However, we do have a significant amount of 'smaller' suppliers, who we endeavour to pay between 1 - 14 days, depending on the size of the account and the supplier’s cashflow needs. As you can see our published average days to pay of 52 days is within our 60 day standard terms.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Our maximum contractual payment terms are all for our larger suppliers, including paper and board suppliers
Any other information about payment terms
The data we have provided includes many invoices that have only been paid late, due to us receiving these invoices late from our suppliers and in addition to this it also includes invoices that are in dispute. As a business we will always try to pay to our agreed supplier payment terms, but unfortunately we only do a payment run once a week on a Friday, which invariably will result in most of our payments to appear late, even if only by one or two days.
Dispute resolution process
Individuals approving invoices will notify both our accounts department and the supplier themselves if an invoice is in dispute. Depending on the nature of the dispute, will determine the timescale and next steps for each individual queried invoice.
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