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J D WETHERSPOON PLC

Company number: 01709784

Reporting period:
31 July 2017 to 28 January 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 1 March 2018

and approved by John Hutson

Payment statistics

Average time taken to pay invoices: 37 days

Invoices paid:

• within 30 days: 51%
• in 31 to 60 days: 34%
• in 61 days or more: 15%

Invoices due but not paid within agreed terms: 16 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

J D Wetherspoon does not have standard payment terms. Payment terms are agreed on a vendor by vendor basis.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

180 days

All vendors on 180 day terms have access to supply chain financing.

Any other information about payment terms

N/A

Dispute resolution process

If there is a disagreement between J D Wetherspoon and one of its suppliers, depending on the nature of the disagreement, resolution will be sought by the team responsible for the area where the dispute has arisen, the commercial team responsible for supplier contracts or senior management.

J D Wetherspoon has dedicated teams and standardised processes for dealing with disagreements with its suppliers of goods and repetitive services, e.g. waste disposal, maintenance services etc.

Disputes related to other suppliers are dealt with on a case-by-case basis.

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.

Yes

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