The data shows a steady decrease in the average time for WALKER GREENBANK PLC to pay invoices over the past three periods. In the first period (Feb 2018 - Jul 2018), the company took an average of 42 days to pay invoices, with 39% of invoices paid within 30 days, 42% paid between 31 and 60 days, and 19% paid later than 60 days. In the second period (Aug 2018 - Jan 2019), the average time to pay decreased to 39 days, with a slight increase in the percentage of invoices paid within 30 days (38%) and a decrease in the percentage of invoices paid between 31 and 60 days (45%). However, the percentage of invoices paid later than 60 days decreased to 17%. The third period (Feb 2019 - Jul 2019) shows a further decrease in the average time to pay (44 days), with a significant increase in the percentage of invoices paid within 30 days (32%) and a decrease in the percentage paid between 31 and 60 days (47%). The percentage of invoices paid later than 60 days increased slightly to 21%.
The data shows a slight volatility in the percentage of invoices paid within 30 days, with a decrease of 1% in the second period, followed by an increase of 6% in the third period. The percentage of invoices paid between 31 and 60 days also shows some volatility, with a 3% decrease in the second period and a 2% increase in the third period. The percentage of invoices paid later than 60 days shows a more significant volatility, with a 2% decrease in the second period and a 4% increase in the third period.
WALKER GREENBANK PLC has shown a continuous decrease in the average time to pay invoices over the past three periods. The company has also shown improvement in paying invoices within 30 days, with a significant increase in the third period compared to the first period. However, the percentage of invoices paid later than 60 days has shown some volatility, with a slight increase in the third period. The company has not had any standard payment period for the past three periods, indicating that all invoices are paid within a different time frame.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Feb 2019 - 31 Jul 2019 | 29 Aug 2019 | 44 | 32% | 47% | 21% | 62% |
| 01 Aug 2018 - 31 Jan 2019 | 26 Feb 2019 | 39 | 38% | 45% | 17% | 60% |
| 01 Feb 2018 - 31 Jul 2018 | 05 Sept 2018 | 42 | 39% | 42% | 19% | 73% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days end of month
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
Supplier invoice disputes are directed in the first instance to the accounts payable teams. These are forwarded to the authoriser of the invoice or the Procurement, Warehouse and Trading teams depending on the nature of the good/service. The authorisers and Procurement, Warehousing and Trading teams are responsible for resolving supplier invoice queries and disputes, and will maintain continual communication with suppliers. If disputes remain unresolved, these will be escalated to senior managers/directors.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
This company is registered as Walker Greenbank PLC but now trades as Sanderson Design Group. It is the parent entity of an international luxury interior furnishings group that designs, manufactures and markets wallpapers and fabrics alongside other ancillary interior products. The wider group operates through brands including Sanderson, Morris & Co., Harlequin, Zoffany, Scion and Clarke & Clarke, and includes British manufacturing operations such as Anstey Wallpaper Company and Standfast & Barracks fabric printing. The registered entity itself functions as a head office within this group, with operations, warehousing and showrooms located across the UK, the Netherlands and the USA.
Generated from the company's website and Companies House records. Sources: walkergreenbank.com · walkergreenbank.com · walkergreenbank.com