WESSEX EAGLE LIMITED
Company number: 01540286
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
1 July 2024
Approved by:
Gary Parfoot
Payment statistics
Average time taken to pay invoices: 70 days
Invoices paid:
- within 30 days: 5%
- in 31 to 60 days: 59%
- in 61 days or more: 36%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 36%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Payment times are agreed with suppliers in advance. The most common terms are 30 days (end of month) but terms range from immediate payment to 60 days end of month
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Supplier invoices and payments are processed by the administration centre in Chard. All invoices must show a valid order number - any invoices that do not or there is a query on the invoice will be disputed by notifying the supplier and will not be paid until the dispute is resolved.
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 Fair 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