Over the past three periods, there has been a steady decrease in the average time taken for WILLIAMSON-DICKIE EUROPE LIMITED to pay invoices to suppliers. From 44 days in the first period of 2018, the average time has decreased to 31 days in the most recent period of 2020-2021.
The volatility in the percentage of invoices paid within 30 days has decreased over the past three periods, with a decrease from 64% in the second period of 2018 to 61% in the most recent period. However, there has been an increase in the volatility of invoices paid between 31 and 60 days, with a fluctuation from 24% to 34% over the same time period.
The average time taken for WILLIAMSON-DICKIE EUROPE LIMITED to pay invoices has decreased consistently over the past three periods, with a decrease of 13 days from 2018 to 2020-2021. The percentage of invoices paid within 30 days has also increased, with a peak of 70% in the third period of 2019. However, there has been an increase in the percentage of invoices paid later than 60 days in the most recent period of 2020-2021, with a decrease in the percentage of invoices paid within agreed terms. The company has consistently maintained a standard payment period of 1 day throughout all periods.
| 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 Apr 2021 - 30 Sept 2021 | 03 Oct 2021 | |||||
| 27 Sept 2020 - 03 Apr 2021 | 14 Apr 2021 | 31 | 61% | 27% | 12% | 31% |
| 29 Mar 2020 - 26 Sept 2020 | 20 Oct 2020 | 34 | 56% | 34% | 10% | 30% |
| 29 Sept 2019 - 28 Mar 2020 | 23 Apr 2020 | 36 | 64% | 25% | 11% | 32% |
| 01 Jan 2019 - 30 Sept 2019 | 07 Oct 2019 | 33 | 70% | 20% | 10% | 28% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 36 | 64% | 24% | 12% | 35% |
| 01 Jan 2018 - 30 Jun 2018 | 09 Aug 2018 | 44 | 31% | 45% | 24% | 68% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Williamson-Dickie Europe Ltd has two main standard payment terms which are 30 and 60 days. These terms may vary in accordance with individual agreements with suppliers.
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
230
Williamson-Dickie Europe Ltd will raise any queries that will affect Supplier Payments with the relevant Internal Departments and with the Suppliers as soon as possible and resolve appropriately
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
Williamson-Dickie Europe Limited is a UK registered company based in Nottinghamshire, classified under manufacture of other wearing apparel and accessories not elsewhere classified. Companies House records show it previously traded under several names, including Dickies (UK) Limited and Clares Dickies Limited, before adopting its current name. The company is majority owned by Williamson-Dickie Europe Holdings Limited, which holds 75% or more of its shares and voting rights and can appoint or remove its directors. As the UK subsidiary within this ownership structure, the company's registered activity centres on the manufacture of clothing and related apparel accessories, rather than retail or wholesale distribution.
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