| 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 Jul 2020 - 31 Dec 2020 | 10 Feb 2021 | 50 | 20% | 62% | 18% | 25% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Feb 2021 | 54 | 16% | 59% | 25% | 31% |
| 01 Jul 2019 - 31 Dec 2019 | 23 Jan 2020 | 42 | 23% | 69% | 9% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 41 | 29% | 61% | 10% | 5% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 44 | 22% | 64% | 14% | 7% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 44 | 25% | 60% | 15% | 7% |
This information is as reported by the business, and responses are in their own words.
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
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.
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.
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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.
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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
Wanzl Limited is a company registered in Warwick and forms part of the wider Wanzl group, which supplies systems and equipment for retail and other consumer-facing sectors. Its own site describes the group as designing solutions that enhance customer shopping experiences, optimise operational and logistics flow, and protect people and assets, spanning retail store equipment, material handling, airport trolley systems, access control and hotel products. The UK entity operates as the local arm of this international group, which has over 27 subsidiaries worldwide and offers planning, installation, training and after-sales service. Companies House records the entity's nature of business as non-specialised wholesale trade, though the group's core activity centres on designing and producing retail and access equipment rather than merely distributing third-party goods.
Generated from the company's website and Companies House records. Sources: wanzl.com