VIVIENNE WESTWOOD LIMITED
Company number: 02682271
Reporting period:
1 July 2019 to 31 December 2019
Report filed on:
21 January 2020
Approved by:
Carlo D’Amario
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 10%
- in 61 days or more: 17%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 22%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
120 days
Standard payment terms
Unless agreed beforehand, Vivienne Westwood Ltd’s standard payment terms for the majority of our suppliers are 30 days from receipt of the 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
120 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
We encourage all suppliers to send invoices to our Accounts Payable electronic inbox where our team will aim to respond in a timely manner. Vivienne Westwood Ltd advises that all invoices should contain a purchase order number which should be given to our suppliers before works have commenced. Complaints and disputes for payment should go through the same inbox whereby claims of unpaid invoices are checked within our system to verify status. If unpaid, these will be investigated and payments will be made as soon as possible.
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.
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