WOLSELEY UK LIMITED

Company number: 00636445

Reporting period:
1 August 2023 to 31 January 2024

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This report was filed on 19 February 2024

and approved by Nicky Thomas

Payment statistics

Average time taken to pay invoices: 58 days

Invoices paid:

• within 30 days: 9%
• in 31 to 60 days: 42%
• in 61 days or more: 49%

Invoices due but not paid within agreed terms: 6%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

120 days

Standard payment terms

Wolseley does not have standard payment terms, specific payment terms are agreed directly with each supplier. Wolseley does not change payment terms without the prior agreement of its suppliers

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

120 days

No further comment provided

Any other information about payment terms

Wolseley does not have standard payment terms, specific payment terms are agreed directly with each supplier. Wolseley does not change payment terms without the prior agreement of its suppliers

Dispute resolution process

invoice disputes are managed by the Finance Business Support team. A monthly report of disputed invoices is available to suppliers. Contact details 03448330433 option 2

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.

Yes

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