Industry ranking
| 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 Oct 2025 - 31 Mar 2026 | 10 Apr 2026 | 29 | 50% | 49% | 1% | 1% |
| 01 Apr 2025 - 30 Sept 2025 | 27 Oct 2025 | 38 | 17% | 77% | 6% | 75% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 35 | 20% | 73% | 7% | 5% |
| 01 Apr 2024 - 30 Sept 2024 | 25 Oct 2024 | 39 | 17% | 75% | 8% | 74% |
| 01 Oct 2023 - 31 Mar 2024 | 03 May 2024 | 38 | 17% | 75% | 8% | 73% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 39 | 18% | 73% | 9% | 81% |
| 01 Oct 2022 - 31 Mar 2023 | 21 Apr 2023 | 42 | 19% | 71% | 10% | 82% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 42 | 20% | 71% | 9% | 78% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 43 | 18% | 70% | 12% | 82% |
| 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 2020 - 30 Sept 2020 | 30 Oct 2020 | 50 | 12% | 68% | 20% | 86% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 48 | 11% | 72% | 17% | 85% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 47 | 13% | 70% | 17% | 81% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 46 | 13% | 69% | 18% | 82% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 46 | 12% | 71% | 17% | 84% |
| 01 Oct 2017 - 31 Mar 2018 | 02 May 2018 | 45 | 12% | 71% | 17% | 83% |
This information is as reported by the business, and responses are in their own words.
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
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. Invoices not paid within 3 months of due date, are assumed to be as a result of a substantial dispute Wing Yip do not conduct retention payment practices
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
W. Wing Yip (London) Limited is part of the Wing Yip group, a family business trading since the 1970s as an Oriental grocer and wholesaler. The group operates superstores in Birmingham, Manchester, Cricklewood and Croydon, supplying over 4,500 Oriental ingredients and related products to trade and public customers. Its stores stock fresh, frozen, canned and packaged goods sourced from the Far East, alongside cookware and tableware, catering for both retail shoppers and businesses needing ingredients for entire menus. Companies House records list its activities as non-specialised wholesale trade and retail sale in non-specialised stores with food, beverages and tobacco predominating, consistent with its role within the wider Wing Yip grocery operation.
Generated from the company's website and Companies House records. Sources: wingyip.com · wingyip.com