| 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 Apr 2019 - 30 Sept 2019 | 27 Nov 2019 | 75 | 10% | 25% | 65% | 91% |
| 01 Oct 2018 - 31 Mar 2019 | 27 Nov 2019 | 69 | 12% | 37% | 51% | 83% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 57 | 21% | 39% | 40% | 71% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days net monthly
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
60
Disputes or concerns raised with the Accounts/Purchase Ledger. If not resolved then the Finance Director
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
WIPAC LIMITED is a UK-based company that specializes in the design, development, and manufacture of automotive lighting systems. The company was founded in 1929 and has since become a leading supplier to major automotive manufacturers worldwide.
One of the key focuses of WIPAC LIMITED is sustainability. The company is committed to reducing its environmental impact and has implemented various initiatives to achieve this goal. This includes using energy-efficient manufacturing processes, reducing waste and emissions, and promoting the use of recyclable materials in its products.
WIPAC LIMITED offers a wide range of products and services, including LED headlights, rear lights, and fog lights for cars, motorcycles, and commercial vehicles. The company also provides custom design and engineering services to meet the specific needs of its clients.
The key people at WIPAC LIMITED include the Managing Director, Richard Thompson, and the Technical Director, Paul Reed. Both have years of experience in the automotive industry and are dedicated to driving the company's success.
For more information on WIPAC LIMITED and its products and services, customers can visit the company's website at www.wipac.com. The company's registered office address is located at WIPAC LIMITED, 4 Albion Street, Bradford, West Yorkshire, BD10 9PY, United Kingdom.