WYNNSTAY (AGRICULTURAL SUPPLIES) LIMITED
Company number: 05009019
Reporting period:
1 May 2024 to 31 October 2024
Report filed on:
4 December 2024
Approved by:
Rob Thomas
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 56%
- in 61 days or more: 18%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 7%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
76 days
Standard payment terms
Payment run is done on the 1st & 15th of the month after the EOFM
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
76 days
NA
Any other information about payment terms
NA
Dispute resolution process
Pricing disputes: supplier will be contacted (usually via email) to advise them of the query and to ask for a credit note
Quantity disputes: supplier will be contacted (usually via email) and a POD requested.
Until any disputes are resolved the physical invoice will remain in a “query” file and the invoice will remain unpaid on our computer system.
Once the dispute is resolved the invoice is approved and passed for payment as usual.
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