CHARLES WILSON ENGINEERS LIMITED

Company number: 01393410

Reporting period:
1 November 2021 to 30 April 2022

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This report was filed on 8 September 2023

and approved by Matthew Gallagher

Payment statistics

Average time taken to pay invoices: 30 days

Invoices paid:

• within 30 days: 9%
• in 31 to 60 days: 37%
• in 61 days or more: 54%

Invoices due but not paid within agreed terms: 5%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

180 days

Standard payment terms

90 days from end of month of receipt of invoice

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

180 days

No further comment provided

Any other information about payment terms

Payments in query or dispute are paid as and when resolved.

Dispute resolution process

Suppliers will be notified of disputed invoices by our Accounts Payable team at Charles Wilson Engineers Ltd, 86 High Street, Harpenden, Herts, AL5 2SP. The dispute will be investigated in a timely manner by the individual who initiated the order. Invoices subject to a dispute will not be paid until resolution of the dispute. All invoices must state an official order number.

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, 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