Ranked in 5 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
MAJESTIC WINE WAREHOUSES LIMITED consistently pays over the standard 30-day term, with an average payment time of 46 days. A significant 44% of payments fall into the 31-60 day window, suggesting a routine practice of extended payment cycles. Furthermore, 16% of payments routinely exceed 60 days, indicating a consistent trend towards longer payment processing.
The high late payment percentage of 63% indicates a substantial risk of payments not adhering to standard 30-day terms, impacting cash flow predictability for suppliers. While 44% settle between 31-60 days, the 16% exceeding 60 days introduces notable volatility and potential for significant delays in a portion of transactions. This payment pattern suggests a lack of consistent adherence to prompt payment, increasing supplier uncertainty.
Suppliers engaging with MAJESTIC WAREHOUSES LIMITED should anticipate extended payment terms, with an average of 46 days and a high likelihood of payments being late (63%). It is crucial to factor in the predominant 31-60 day payment window and the 16% exceeding 60 days when establishing credit terms. To mitigate risk, consider negotiating extended payment terms upfront, implementing stricter credit limits, or exploring credit insurance to manage potential cash flow impacts effectively.
| 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 2020 - 29 Mar 2021 | 18 Jun 2021 | 46 | 40% | 44% | 16% | 63% |
| 31 Mar 2020 - 30 Sept 2020 | 17 Jun 2021 | 33 | 54% | 36% | 10% | 36% |
| 01 Oct 2019 - 30 Mar 2020 | 17 Jun 2021 | 48 | 30% | 67% | 3% | 28% |
| 03 Apr 2019 - 30 Sept 2019 | 19 Nov 2019 | 47 | 13% | 75% | 12% | 37% |
| 02 Oct 2018 - 01 Apr 2019 | 28 May 2019 | 45 | 21% | 68% | 11% | 35% |
| 03 Apr 2018 - 01 Oct 2018 | 01 Nov 2018 | 48 | 13% | 73% | 14% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
All GBP suppliers have the same 30 days payment terms except for Utility & Legal companies which are on immediate terms. Stock suppliers are 30 days for small businesses. Those not on 30 days being on a range of between 60-90 days dependent on what foreign currency they are paid in.
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
90
Payment disputes are settled by contacting the Accounts Payable email and the appropriate accounts payable assistant will respond to the query. Majestic operates an internal solution whereby the appropriate teams use a portal to communicate and resolve. An escalation process which sees items not satisfactorily resolved in the first instance are elevated to the Accounts Payable Supervisor, Finance Transactions Manager and finally the Finance Controller.
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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Majestic Wine Warehouses Limited is a UK company registered in Watford, Hertfordshire, with a nature of business classified as wholesale of wine, beer, spirits and other alcoholic beverages. Companies House records show it filing group company accounts and confirmation statements, and identify Cf Bacchus Intermediate Holdco Limited as its person with significant control, indicating it operates as part of a wider corporate group rather than as a standalone trading entity. The company was originally incorporated in 1981 under the name Falcovant Limited before adopting its current name. No further detail on day-to-day trading operations is included in the available records beyond its registered SIC classification for alcoholic beverage wholesale.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk