TREASURY WINE ESTATES EMEA LIMITED
Company Information
- Company Number
- 02059191
- Registered Address
- Regal House, 70 London Road, Twickenham, Middlesex, TW1 3QS
- Status
- Active
- Employee Count
- 102
- Turnover
- £163,759,000
- EBITDA
- -£21,489,000
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 26 September 1986
- Nature of Business
- 46342 - Wholesale of wine, beer, spirits and other alcoholic beverages
- Industries
- Distribution And Delivery, Food And Drink
- Region
- London
Time to Pay
Payment Timeline
Payment Features
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 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 2018 - 30 Jun 2018 | 31 Jul 2018 | 41 | 54% | 29% | 17% | 11% |
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
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
Dispute Resolution Process
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.
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
TREASURY WINE ESTATES EMEA LIMITED is a global wine company that produces and markets premium wines from some of the world's most renowned wine regions. The company operates in the Europe, Middle East, and Africa (EMEA) region, with its headquarters located in London, United Kingdom.
The company's sustainability program is a key focus, with a commitment to reducing their environmental impact and promoting sustainable practices throughout their operations. This includes initiatives such as reducing water and energy usage, implementing sustainable packaging, and supporting local communities.
TREASURY WINE ESTATES EMEA LIMITED offers a diverse portfolio of wines, including well-known brands such as Penfolds, Beringer, and Wolf Blass. They also have a range of sustainable and organic wines, catering to the growing demand for environmentally friendly products.
Key people in the company include managing director Tom King and chief financial officer Matt Young. They are supported by a team of experienced professionals in various areas of the business, including winemaking, marketing, and finance.
The company's website (https://www.tweglobal.com) provides information on their products, sustainability initiatives, and company news. Their registered office address is at Regal House, 70 London Road, Twickenham, Middlesex, TW1 3QS, United Kingdom.
