W.A.G PAYMENT SOLUTIONS PLC
Company number: 13544823
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
29 January 2025
Approved by:
Oskar Zahn
Payment statistics
Average time taken to pay invoices: 51 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 9%
- in 61 days or more: 16%
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
61 days
Standard payment terms
Most common payment term is payment within 30 days of invoice date.
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
61 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
If suppliers have any queries relating to invoices and payments they can contact DL-FIN-ACCOUNTING@eurowag.com which acts as an information centre. Accounts Payable team within the Finance Processes function will provide details such as the status of invoices, date of payments and statements of account reconciliations. For any dispute related to the terms and conditions agreed, the Accounts Payable team will direct the suppliers to the relevant Company personnel to obtain information about their query.
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