| 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 Jan 2024 - 30 Jun 2024 | 11 Sept 2024 | 35 | 47% | 44% | 8% | 14% |
| 01 Jul 2018 - 30 Jun 2019 | 30 Jul 2019 | 44 | 32% | 46% | 22% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 39 | 40% | 50% | 10% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30-60 days
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
90
Any disputes over invoicing accuracy are raised promptly with our suppliers and a credit note requested to correct the invoicing inaccuracy.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
World of Sweets (Hancocks) Limited is a UK company registered in Loughborough, incorporated in 1966. It previously traded as Hancock Cash & Carry Limited and, before that, R.E. & B. Hancock Limited, before adopting its current name in December 2021. Its registered activity is non-specialised wholesale of food, beverages and tobacco, and it operates within the confectionery and snacks trade. The company forms part of a wider corporate group, being controlled by World of Sweets Group Limited and, above that, Hancocks Holdings Limited. It has filed a modern slavery statement as part of the World of Sweets (Distribution) Limited group statement. The company holds several leasehold property titles across England, consistent with its role as a wholesale distribution business.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · companiesintheuk.co.uk