The average time taken for DONALD WARDLE AND SON LIMITED to pay invoices has fluctuated over the past three periods, with a slight decrease in the most recent period.
The volatility in the percentage of invoices paid within 30 days has been relatively low, while the percentage of invoices paid later than 60 days has been the most volatile.
From the data, it can be seen that DONALD WARDLE AND SON LIMITED has improved in paying invoices within 30 days, with an increase of 3% in the most recent period compared to the previous one. However, there has been a slight increase in the percentage of invoices paid later than 60 days in the same period.
| 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 2022 - 30 Jun 2022 | 21 Jul 2022 | 75 | 3% | 59% | 38% | 94% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 62 | 5% | 65% | 30% | 70% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 62 | 2% | 69% | 29% | 87% |
| 01 Jul 2020 - 31 Dec 2020 | 28 Jan 2021 | 61 | 4% | 67% | 29% | 75% |
| 01 Jan 2020 - 30 Jun 2020 | 21 Jul 2020 | 60 | 3% | 66% | 31% | 94% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jan 2020 | 52 | 7% | 68% | 25% | 77% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Aug 2019 | 61 | 2% | 78% | 20% | 85% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
We attempt to place all new suppliers on 60 days from end of month. However, there are non-standard supplier payment terms which are shorter and longer than the standard terms.
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
Supplier makes contact with buyer of goods/services in case of dispute. All queries are answered in a timely manner. Invoice is typically placed on hold until dispute has been resolved.
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
Donald Wardle and Son Limited is a registered company whose stated business is the wholesale of pharmaceutical goods. Companies House records place its registered office in Manchester, at the same address associated with Well Pharmacy, indicating it operates as part of the Bestway Group corporate structure. Bestway Group is a diversified multinational business with interests spanning wholesale, pharmacy, real estate, cement manufacturing and banking, and its pharmacy arm, Well Pharmacy, is described as the UK's largest independent retail pharmacy chain. This entity itself appears to function as a pharmaceutical wholesale or supply business supporting that wider group's healthcare operations, rather than as an independent trading concern with its own separate public-facing activities.
Generated from the company's website and Companies House records. Sources: bestwaygroup.co.uk · bestwaygroup.co.uk