CHARLES WELLS BREWERY LIMITED
Company number: 05720806
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 2 November 2018
and approved by Anthony Fryer
Payment statistics
Average time taken to pay invoices: 82 days
Invoices paid:
- within 30 days: 21%
- in 31 to 60 days: 52%
- in 61 days or more: 27%
Invoices due but not paid within agreed terms: 40 %
Payment terms
Shortest standard payment period
45 days
Longest standard payment period
75 days
Standard payment terms
15 Days after the end of the second month
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
15 Days after the end of the second month
Any other information about payment terms
N/A
Dispute resolution process
Queries should be emailed to accountspayable@charleswells.co.uk along with a copy of the Invoice(s). Where Invoices contain a Purchase Order number or the name of the Orderer / Approver an update should be received within 5 Working Days. Where Invoices do not contain a Purchase Order Number or the name of the Orderer / Approver then investigation could take longer
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.
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.
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