WOLSELEY UK LIMITED

Company number: 00636445

Reporting period:
1 August 2021 to 31 January 2022

This information is as reported by the business, and responses are in their own words.

This report was filed on 21 February 2022

and approved by simon gray

Payment statistics

Average time taken to pay invoices: 59 days

Invoices paid:

within 30 days: 8%
in 31 to 60 days: 43%
in 61 days or more: 49%

Invoices due but not paid within agreed terms: 8%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

180 days

Standard payment terms

Wolseley does not have standard payment terms, specific payment terms are agreed with each supplier. Wolseley does not change payment terms without prior agreement of its supplier.

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

N/A

Dispute resolution process

invoice disputes are managed by the Finance Business Support team - contact details are 03448330433. A monthly report of all paid, approved and disputed invoices is available for suppliers.

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.

Yes

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.

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?