MAJESTIC WINE WAREHOUSES LIMITED
Company Information
- Company Number
- 01594599
- Registered Address
- Majestic House The Belfry, Colonial Way, Watford, Hertfordshire, United Kingdom, WD24 4WH
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 30 October 1981
- Nature of Business
- 46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
- Industries
- Coming Soon
- Region
- UnknownNot specified in payment practices report
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
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.
Volatility Analysis
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.
Summary Analysis
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.
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 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% |
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
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
Dispute Resolution Process
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.
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
MAJESTIC WINE WAREHOUSES LIMITED is an active private limited company operating in the warehousing sector, specifically managing facilities for wine products. The company's name indicates its core business revolves around the storage and distribution of wine.
Incorporated on 30 October 1981, the company is registered under company number 01594599. Its registered office is located at Majestic House The Belfry, Colonial Way, Watford, Hertfordshire, United Kingdom, WD24 4WH.
Companies specialising in wine warehousing in the UK typically provide secure, temperature-controlled storage solutions for various wine products. They also manage comprehensive logistics, inventory management, and distribution services to support the wine industry supply chain.
