WAREHOUSE EXPRESS LIMITED
Company number: 03366976
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
31 January 2025
Approved by:
Andrew Morrissey
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 44%
- in 61 days or more: 13%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 21%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
90 days
Standard payment terms
The company commits to paying all undisputed invoices promptly to third party suppliers . Terms are typically between 30 and 60 days from the date of issue of a valid invoice or up to 60 days following the end of the month in which the invoice was issued.
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
90 days
This has been agreed with one supplier and payment is due three months after the 15th of the month following the month of invoice date.
Any other information about payment terms
Some terms agreed with suppliers are based on a certain payment day each week or date each month, for example the 15th of the month following the month the invoice is issued.
Dispute resolution process
The company aims to resolve any disputes promptly. In the first instance, concerns should be raised with the Accounts Payable team (accounts@wex.co.uk) or directed to the relevant commercial contact within the company.
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