LISTER WILDER LIMITED

Company number: 01966449

Reporting period:
1 January 2023 to 30 June 2023

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This report was filed on 21 May 2024

and approved by Charles King

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 12%
• in 31 to 60 days: 61%
• in 61 days or more: 25%

Invoices due but not paid within agreed terms: 59%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

365 days

Standard payment terms

Materials, parts, services are end of month following. Machinery can be 30 days end of month following to 365 days. Seasonal stock 90-180 day terms Machinery & seasonal stock is on a pay when sold basis

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

365 days

Most accounts are set to 28 days due to February being a short month therefore the invoices not paid within agreed terms is higher.

Any other information about payment terms

N/A

Dispute resolution process

Disputed invoices are not posted until the dispute is resolved therefore will almost certainly show as overdue.

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.

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