WDFG UK LIMITED

Company number: 02872512

Reporting period:
1 January 2022 to 30 June 2022

---

This report was filed on 8 April 2024

and approved by Chris Bouttle

Payment statistics

Average time taken to pay invoices: 50 days

Invoices paid:

• within 30 days: 38%
• in 31 to 60 days: 46%
• in 61 days or more: 16%

Invoices due but not paid within agreed terms: 60%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

120 days

Standard payment terms

Goods Not For Resale:- Invoices are paid weekly mainly on 30 days terms, limited exceptions exist for landlords and utility companies. Goods For Resale:- Our payment terms are variable and dependent on agreements with individual suppliers, our average payment terms are 45-50 days. Payment runs are processed weekly, with a BACS file ordinarily submitted on a Wednesday with the actual payment reaching our suppliers on the Friday

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

N/A

Dispute resolution process

Invoice queries are dealt with by our Accounts Payable team based in our Shared Services Centre in collaboration with our logistics personnel for quantity differences and our buying team for pricing queries. We deploy 3 way automatic matching throughout in conjunction with a workflow system which also assists in the resolution of disputed invoices.

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.

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