Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Jan 2021 - 30 Jun 2021 | 07 Sept 2021 | 39 | 57% | 24% | 19% | 4% |
| 01 Jul 2020 - 31 Dec 2020 | 04 Mar 2021 | 42 | 54% | 26% | 20% | 10% |
| 01 Jan 2020 - 30 Jun 2020 | 08 Sept 2020 | 40 | 57% | 21% | 22% | 9% |
| 01 Jul 2019 - 31 Dec 2019 | 04 Feb 2020 | 43 | 51% | 26% | 23% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 28 Aug 2019 | 39 | 52% | 25% | 23% | 10% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 40 | 52% | 34% | 14% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 41 | 54% | 29% | 17% | 11% |
| 01 Jul 2017 - 31 Dec 2017 | 31 Jan 2018 | 40 | 54% | 30% | 16% | 6% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms are considered as 60 Days from the invoice date, end of month
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
65
The main point of contact for disputes is the UK Accounts Payable team. The appropriate email address for all invoices and queries is UKAccounts.Payable@tweglobal.com. When an invoice is disputed, the supplier will receive an email from the relevant Treasury Wine Estates employee indicating the invoice number and reason for rejection. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice. Treasury Wine Estates follow a strictly no PO no pay policy. The PO number is communicated by the relevant Treasury Wine Estates employee at the time of placing the order.
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
Treasury Wine Estates EMEA Limited is a UK-registered company forming part of the Treasury Wine Estates group, an international wine business. Companies House records its activity as wholesale of wine, beer, spirits and other alcoholic beverages. The wider group owns and markets wine brands, including Sterling Vineyards, a Napa Valley winery whose website is operated under the Treasury Wine Estates name and offers wine sales, tastings and vineyard experiences. As the UK arm of this global group, the entity's own role centres on the distribution and wholesale supply of alcoholic beverages within the EMEA region, rather than winemaking itself, which takes place through group vineyard operations overseas.
Generated from the company's website and Companies House records. Sources: sterlingvineyards.com · sterlingvineyards.com