W.WING YIP PLC
Company Information
- Company Number
- 00967953
- Registered Address
- 375 Nechells Park Road, Birmingham, B7 5NT
- Status
- Active
- Employee Count
- 136
- Turnover
- £90,330,000
- EBITDA
- £4,114,000
Additional Details
- Company Type
- Public limited Company
- Incorporated On
- 9 December 1969
- Nature of Business
- 46900 - Non-specialised wholesale trade47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating47190 - Other retail sale in non-specialised stores
- Industries
- Healthcare And Wellbeing
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
W.WING YIP PLC's average payment time is 40 days, with the vast majority (64%) of payments occurring between 31 and 60 days. This indicates a consistent trend of paying beyond standard 30-day terms, further supported by the 79% late payment rate.
Volatility Analysis
While 64% of payments fall into a predictable 31-60 day window, the 79% late payment rate signals significant unreliability regarding initial invoice due dates. Suppliers should not anticipate timely payments within a standard 30-day term, increasing cash flow uncertainty.
Summary Analysis
Suppliers should plan for payments from W.WING YIP PLC to consistently arrive between 31 and 60 days, requiring adjustment of internal cash flow projections. It is recommended to negotiate extended payment terms upfront or build a financial buffer to mitigate the risk associated with their high late payment frequency.
Performance Reports History
| 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 2024 - 30 Sept 2024 | 25 Oct 2024 | 41 | 25% | 64% | 11% | 73% |
| 01 Oct 2023 - 31 Mar 2024 | 03 May 2024 | 41 | 23% | 64% | 13% | 72% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 40 | 27% | 64% | 9% | 79% |
| 01 Oct 2022 - 31 Mar 2023 | 21 Apr 2023 | 42 | 24% | 62% | 14% | 76% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 39 | 25% | 66% | 9% | 73% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 47 | 25% | 63% | 12% | 77% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 45 | 19% | 67% | 14% | 83% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 49 | 21% | 60% | 19% | 81% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 44 | 26% | 57% | 17% | 75% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 39 | 31% | 59% | 10% | 70% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 37 | 33% | 57% | 10% | 69% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 39 | 31% | 55% | 14% | 71% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 37 | 34% | 54% | 12% | 71% |
| 01 Oct 2017 - 31 Mar 2018 | 02 May 2018 | 37 | 33% | 53% | 14% | 71% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard payment terms are 42 days unless suppliers payment terms are applied which can be longer or shorter than standard.
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
Dispute Resolution Process
Invoices are matched to PO's on receipt by our Accounts Payable Team. Any invoice variances are sent to the buyer for approval. If the buyer disputes the invoice, the Accounts Payable Team e-mail the supplier with a credit request or a request for proof of delivery typically within 48 hours. Once full credit or proof of delivery has been received, the invoice and any credits are processed ready for payment. If in the meantime the invoice has become due for payment, the invoice is added to the next bacs run (weekly). If the Accounts Payable Team are unable to resolve a dispute or query, the dispute is escalated to the Group Financial Controller for resolution.
Other Payment Information
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.
❌
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.
❌
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.
❌
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
Company Summary
W.WING YIP PLC operates as an active Public limited Company.
The company was incorporated on 9 December 1969, under company number 00967953. Its registered office is located at 375 Nechells Park Road, Birmingham, B7 5NT.
As a Public limited Company, W.WING YIP PLC operates within a regulatory framework allowing its shares to be offered to the public. Companies of this type typically engage in commercial activities across various sectors, providing a wide range of goods and services to the UK market.
