Score of 82.1/100 qualifies for PaymentCheck Certification
| 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 2025 - 30 Jun 2025 | 30 Jul 2025 | 27 | 78% | 15% | 7% | 18% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 26 | 81% | 14% | 5% | 16% |
| 01 Jan 2024 - 30 Jun 2024 | 30 Jul 2024 | 30 | 79% | 14% | 8% | 17% |
| 01 Jul 2023 - 31 Dec 2023 | 29 Jan 2024 | 33 | 72% | 15% | 13% | 23% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 32 | 74% | 16% | 10% | 15% |
| 01 Jul 2022 - 31 Dec 2022 | 27 Jan 2023 | 43 | 70% | 14% | 17% | 18% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 30 | 70% | 20% | 10% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 36 | 72% | 20% | 9% | 15% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 31 | 72% | 20% | 8% | 20% |
| 01 Jan 2020 - 30 Jun 2020 | 28 Jul 2020 | 30 | 76% | 16% | 8% | 25% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 40 | 77% | 11% | 12% | 16% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 23 | 78% | 12% | 10% | 17% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 23 | 82% | 12% | 6% | 16% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard and agreed maximum payment terms for UK suppliers under Wells Fargo master agreement or limited services contracts is 45 days from receipt of invoice. Purchases made via purchase order have 30 day terms. Suppliers are notified of applicable payment period via contract negotiation.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
None
Maximum contractual payment period agreed
60
Wells Fargo contract templates contain dispute resolution language/clause which sets out resolution process. This includes but is not specific to resolution of payment issues. Additionally, each contract will include invoicing requirements to be applied by suppliers as well as WF invoice address/contact points.
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Wells Fargo Capital Finance (UK) Limited is a financial services company that offers a range of financial solutions to businesses in the United Kingdom. The company is a subsidiary of Wells Fargo & Company, a global financial services company headquartered in the United States.
The company's sustainability program is focused on promoting responsible and ethical business practices. They have implemented various initiatives to reduce their environmental impact, such as reducing paper usage and implementing energy-efficient practices. They also prioritize diversity and inclusion in their workplace and have established programs to support and empower women and minority groups.
One of the main products offered by Wells Fargo Capital Finance (UK) Limited is asset-based lending, which provides businesses with flexible financing options based on their assets. They also offer supply chain finance, invoice discounting, and factoring services to help businesses manage their cash flow. Additionally, the company provides specialized financing for industries such as technology, healthcare, and energy.
The company is led by a team of experienced professionals, including the Managing Director, Andrew Sweeting, who has over 25 years of experience in the financial industry. They also have a team of dedicated relationship managers who work closely with clients to understand their unique financing needs and provide tailored solutions.
For more information on their products and services, interested individuals can visit the company's website at https://www.wellsfargocapitalfinance.co.uk/. The registered office address for Wells Fargo Capital Finance (UK) Limited is 33 King William Street, London, EC4R 9AS.
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