WANZL LIMITED

PaymentCheck Score 2020
45Poor
New Entry
#4247 in UK
#241 in West Midlands

Company Information

Company Number
01403566
Registered Address
Europa House, Heathcote Lane, Warwick, CV34 6SP
Status
Active
Employee Count
645
Turnover
£112,980,000
EBITDA
£9,643,000

Additional Details

Company Type
Private limited Company
Incorporated On
4 December 1978
Nature of Business
46900 - Non-specialised wholesale trade
Industries
Supply Chain
Region
West Midlands

Time to Pay

Average Time to Pay
54 days
Shortest Period:30 days
Longest Period:90 days
Max Contractual:90 days

Payment Timeline

Within 30 Days
16%
31-60 Days
59%
After 60 Days
25%
Not Paid Within Terms31%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2021-02-10
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2020 - 31 Dec 202010 Feb 20215020%62%18%25%
01 Jan 2020 - 30 Jun 202010 Feb 20215416%59%25%31%
01 Jan 2019 - 30 Jun 201930 Jul 20194129%61%10%5%
01 Jan 2018 - 30 Jun 201824 Jul 20184425%60%15%7%

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

Wanzl UK Standard Payment terms for qualifying contracts can be broadly categorised as: 1) 30 days End of Month 2) 60 days End of Month 3) Non-Credit Accounts

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

None

Maximum contractual payment period agreed

90

Dispute Resolution Process

Disputes Resolution Process: 1) Business adopt key procurement process of: a) raising PO's, b) PO approval by authorised staff c) Confirming receipt of Goods & service before processing invoice on system d) matching supplier invoice to PO 2) Concerns are raised to Purchase Ledger department via phone/email 3) Depending on nature of issue, linked parties including procurement officer/manager, and personnel requesting/agreeing the spend are included to support dispute resolution. 4) Invoices remains on query until investigations are completed, with general business policies to complete investigation with reasonable priority. 5) Once there is evidence (or Not) of disputes being substantiated, Accounts Payable/(Finance) team/ Expense requestor/Procurement officer would communicate back to supplier with actions.

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

WANZL LIMITED is a British company that specializes in providing high-quality equipment and solutions for retail and industrial sectors. They have been in operation for over 60 years and have a global presence with offices in over 20 countries.

The company offers a wide range of products and services, including shopping trolleys, shelving systems, checkout counters, and custom-made solutions for retail stores. They also provide industrial solutions such as logistics trolleys, storage systems, and airport equipment.

WANZL LIMITED is committed to sustainability and has implemented various initiatives to reduce their environmental footprint. This includes using sustainable materials in their products, optimizing their supply chain to reduce emissions, and promoting energy-efficient solutions to their clients.

The company's key people include the managing director, Paul Baulch, and the sales director, Chris Rogers. They have a team of highly skilled professionals who are dedicated to providing excellent customer service and innovative solutions to their clients.

WANZL LIMITED's website address is www.wanzl.com, where customers can find information about their products and services, as well as contact details for their offices worldwide. The company's registered office address is located in Leicestershire, United Kingdom.

In conclusion, WANZL LIMITED is a well-established company that offers a wide range of products and services to the retail and industrial sectors. They are committed to sustainability and have a strong team of professionals dedicated to delivering high-quality solutions to their clients.

Financial Metrics

Cash
£3,800,809
Net Worth
£32,524,711
Total Current Assets
£52,386,015
Total Current Liabilities
£29,074,836

Company Location