Company number: 03981392
and approved by Mark Boyle
Average time taken to pay invoices: 63 days
Invoices paid:
Invoices due but not paid within agreed terms: 31%
90 days
Answer not provided
WHSmith standard payment terms are 90 days after the end of the month of receipt by WHSmith of a proper invoice or if later after the acceptance of the Goods or Services. However, WHSmith negotiates payment terms individually with suppliers and on a product specific basis. Any contractual package agreed by WHSmith and the supplier usually includes payment terms which are lower than the standard 90 days terms. The WHSmith vendor buyer agreement allows for the offset of amounts owed by the supplier against invoices owed to the supplier. This is normal business practice and protects amounts that are owed to WHSmith. An invoice is deemed settled
Answer not provided
N/A
90 days
No further comment provided
N/A
The Business has an ongoing communication with Suppliers through both the Trading and the financial accounting teams. Payment disputes will be directed to the financial accounting teams for resolution in the first instance and will be escalated to the Trading teams where there is a contractual query.
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.
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
No
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
No
No