W. WING YIP (LONDON) LIMITED
Company Information
- Company Number
- 01338172
- Registered Address
- 375 Nechells Park Road, Nechells, Birmingham, B7 5NT
- Status
- Active
- Employee Count
- 144
- Turnover
- £81,322,000
- EBITDA
- £4,743,000
Additional Details
- Website
- https://wingyip.com
- Company Type
- Private limited Company
- Incorporated On
- 9 November 1977
- 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
- Environment, Agriculture And Waste
- Region
- West Midlands
Time to Pay
Payment Timeline
Payment Features
Payment Score History
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 | 27 Oct 2025 | 38 | 17% | 77% | 6% | 75% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 39 | 18% | 73% | 9% | 81% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 42 | 20% | 71% | 9% | 78% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 45 | 12% | 75% | 13% | 86% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 49 | 11% | 70% | 19% | 86% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 47 | 13% | 70% | 17% | 81% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 46 | 12% | 71% | 17% | 84% |
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. At times the suppliers terms are applied which can be longer or shorter than out 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 (London) Limited is a UK-based company that specializes in the import and distribution of authentic Asian food products. The company was established in 1970 by Mr. Wing Yip and has since grown to become a leading supplier of Asian food products in the UK.
The company prides itself on its sustainability program, which focuses on promoting responsible sourcing and reducing its environmental impact. They have implemented various initiatives such as using eco-friendly packaging materials and partnering with sustainable suppliers. W. Wing Yip (London) Limited also supports local communities and charities through donations and volunteering.
Their product range includes a variety of Asian food products such as noodles, sauces, spices, and snacks from countries like China, Japan, Thailand, and Korea. They also offer a range of kitchenware and cookware to help customers prepare authentic Asian dishes at home.
The key people at W. Wing Yip (London) Limited include the founder and chairman, Mr. Wing Yip, and his sons, Mr. Brian Yip and Mr. Stanley Yip, who serve as directors of the company. They are committed to providing high-quality products and excellent customer service.
The company's website is www.wingyip.com, where customers can browse and purchase their products online. The registered office address is 375 Nechells Park Road, Nechells, Birmingham, B7 5NT, UK.
In summary, W. Wing Yip (London) Limited is a sustainable company that offers a wide range of authentic Asian food products and kitchenware. With its strong commitment to sustainability and community involvement, the company continues to be a trusted and popular choice for Asian food enthusiasts in the UK.
