| 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 2019 - 31 Dec 2019 | 15 Jan 2020 | 53 | 11% | 65% | 24% | 8% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 53 | 17% | 64% | 19% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Payment terms vary per supplier and project. They range from an immediate payment to 90 days from invoice date. Payment runs are made twice weekly but daily runs can occur following authorisation.
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
Invoices are submitted to the buying department and to project managers for authorisation. Queries are flagged promptly enabling a fast resolution.
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
R.N. Wooler & Company Limited is a Yorkshire based building contractor founded in 1985, employing a directly employed workforce of nearly 300 staff. The company undertakes construction projects across hotels and leisure, retail, manufacturing and distribution, heritage and listed buildings, public sector work including healthcare and education, and residential housing. It also runs a joinery workshop producing bespoke fittings and provides ongoing maintenance and small works. Projects have included new builds, extensions, specialist fitouts, restoration of listed buildings and live-environment works where disruption to ongoing operations must be minimised. The company describes itself as a family business operating with director led management on each project, delivering schemes for repeat commercial clients as well as private residential customers.
Generated from the company's website and Companies House records. Sources: rnwooler.co.uk · rnwooler.co.uk