| 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 |
|---|---|---|---|---|---|---|
| 30 Jul 2022 - 29 Jan 2023 | 27 Feb 2023 | 53 | 34% | 51% | 15% | 18% |
| 30 Jan 2022 - 29 Jul 2022 | 26 Aug 2022 | 37 | 41% | 46% | 13% | 15% |
| 31 Jul 2021 - 29 Jan 2022 | 28 Feb 2022 | 37 | 38% | 51% | 11% | 7% |
| 31 Jan 2021 - 30 Jul 2021 | 27 Aug 2021 | 36 | 38% | 57% | 5% | 6% |
| 02 Aug 2020 - 30 Jan 2021 | 25 Feb 2021 | 39 | 33% | 59% | 8% | 13% |
| 02 Feb 2020 - 01 Aug 2020 | 13 Aug 2020 | 37 | 37% | 52% | 11% | 25% |
| 03 Aug 2019 - 01 Feb 2020 | 24 Feb 2020 | 35 | 46% | 48% | 6% | 18% |
| 03 Feb 2019 - 02 Aug 2019 | 29 Aug 2019 | 32 | 60% | 35% | 5% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard terms are 45, 60 and 90 days but payment varies from immediate payment through to 90 days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
90
Wilko finance team review supplier statement reconciliations to work through any disputes. These are reported to our buying and finance management teams with the aim of resolving payment queries as quickly as possible. Suppliers with disputes should contact the finance department by telephone on 01909 505505 or by post at: Finance Department, J K House, Roebuck Way, Manton Wood, Worksop, Notts, S80 3EG. Wilko precedent contracts for goods and services contain dispute resolution clauses. Where wilko contracts on supplier terms, wilko seeks to include dispute resolution clauses - and these are generally accepted as they are beneficial to both parties.
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
Wilko Limited is a long-established British retailer, incorporated in 1941, classified under other retail sale in non-specialised stores. It traded as Wilko, selling household goods, hardware and general merchandise through stores across the UK. The company was majority owned by Wilkinson Hardware Stores Limited. Companies House records show Wilko Limited entered administration, reflecting the well-publicised collapse of the wider Wilko retail business. The registered office is in Leeds. No further detail on current trading operations or store numbers is included in the available evidence beyond its administration status and retail classification.
Generated from the company's website and Companies House records. Sources: opengovuk.com