WALON LIMITED
Company number: 01398125
Reporting period:
1 October 2024 to 30 March 2025
Report filed on:
29 April 2025
Approved by:
Nicholas Trowell
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 32%
- in 31 to 60 days: 64%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
For truck purchases payment is made on the day of registration. For other suppliers terms are usually payment at end of month following the date of the invoice, unless other terms have been specifically agreed. DDs are in place for a number of suppliers, whilst large CAPEX purchases and other ad-hoc supplier payments are made via same day or next day bankline payments. The remainder of the suppliers are paid via a month end BACS run.
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
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
All supplier queries should be raised with the AP team in the first instance and these will be investigated and considered by the team, liaising with the supplier, with a view to resolving at this stage. In the unlikely event that a resolution cannot be found, queries will be escalated to the finance and / or operations teams as required, although this is unusual. The company aim to resolve all supplier queries on a timely basis, although the actual time taken to resolve will depend upon the type of query raised.
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