WGC LTD
Company Information
- Company Number
- 01163829
- Registered Address
- 7 Academy Buildings, Fanshaw Street, London, N1 6LQ
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 20 March 1974
- Nature of Business
- 81210 - General cleaning of buildings
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
WGC LTD consistently pays beyond standard 30-day terms, with an average payment time of 43 days. Only 34% of invoices are settled within 30 days, while a significant 66% are paid between 31 and over 60 days, indicating a clear trend towards extended payment cycles. This trajectory suggests suppliers should anticipate slower payment processing from WGC LTD.
Volatility Analysis
WGC LTD demonstrates low reliability in meeting standard payment terms, with 69% of payments classified as late and an average payment time of 43 days. The distribution shows a predictable pattern of significant delays, as 66% of invoices are paid after 30 days, including 22% exceeding 60 days. This consistent delay poses a notable risk to supplier cash flow predictability.
Summary Analysis
Suppliers should anticipate consistent payment delays from WGC LTD, as 69% of payments are late with an average of 43 days. When deciding to supply, factor in these extended payment cycles by adjusting pricing or establishing longer payment terms upfront. Consider requesting partial upfront payments or negotiating specific milestones to mitigate associated cash flow risks.
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 2025 - 30 Sept 2025 | 06 Nov 2025 | 34 | 42% | 47% | 11% | 61% |
| 01 Oct 2024 - 31 Mar 2025 | 06 Nov 2025 | 43 | 34% | 44% | 22% | 69% |
| 01 Apr 2024 - 30 Sept 2024 | 07 Nov 2024 | 28 | 55% | 41% | 4% | 52% |
| 01 Oct 2023 - 31 Mar 2024 | 07 Nov 2024 | 30 | 55% | 37% | 8% | 52% |
| 01 Apr 2023 - 30 Sept 2023 | 02 Nov 2023 | 25 | 56% | 41% | 3% | 52% |
| 01 Oct 2022 - 31 Mar 2023 | 31 May 2023 | 29 | 51% | 43% | 6% | 41% |
| 01 Apr 2022 - 30 Sept 2022 | 31 May 2023 | 33 | 56% | 34% | 10% | 50% |
| 01 Oct 2021 - 31 Mar 2022 | 11 Aug 2022 | 33 | 47% | 44% | 9% | 56% |
| 01 Apr 2021 - 30 Sept 2021 | 27 Jan 2022 | 27 | 55% | 42% | 3% | 53% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 42 | 41% | 49% | 10% | 67% |
| 01 Apr 2020 - 30 Sept 2020 | 29 Oct 2020 | 36 | 35% | 57% | 8% | 66% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 29 | 43% | 55% | 2% | 62% |
| 01 Apr 2019 - 30 Sept 2019 | 30 Oct 2019 | 29 | 49% | 46% | 4% | 64% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 33 | 39% | 50% | 11% | 87% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 23 | 67% | 32% | 1% | 86% |
| 01 Oct 2017 - 31 Mar 2018 | 27 Apr 2018 | 30 | 54% | 40% | 6% | 89% |
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
Weekly payments are made to suppliers based on invoices outstanding in the 30 day column of the aged creditors report
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
365
Dispute Resolution Process
Invoices are reconciled against purchase ledger statements, and purchase orders before any payment is made. Only agreed invoices are paid and any discrepancies/disputes are then queried back to the supplier.This will initially be via phone or email between both parties and where necessary escalated back to the operation managers to seek further clarification and approval.
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
WGC LTD is an active Private limited Company
The specific commercial activities undertaken by WGC LTD are not specified in the available data
Registered as company number 01163829, WGC LTD was incorporated in the UK on 20 March 1974
Its registered office is situated at 7 Academy Buildings, Fanshaw Street, London, N1 6LQ
As a Private limited Company, WGC LTD adheres to the standard legal framework governing business organisations in the UK
This company type enables a wide range of commercial activities, allowing such entities to provide diverse products and services across various sectors within the UK market
