The data shows a fluctuating trend in the average time to pay for WYG ENVIRONMENT PLANNING TRANSPORT LIMITED. It increased from 56 days in Apr 2018 to 64 days in Jun 2018, then decreased to 54 days in Sep 2018.
The data also shows a high volatility in the percentage of invoices paid within 30 days, with a significant increase from 9% in Apr 2018 to 19% in Jun 2018, before dropping back down to 9% in Sep 2018.
For WYG ENVIRONMENT PLANNING TRANSPORT LIMITED, the average time to pay decreased by 2 days from Apr 2018 to Sep 2018. However, there were fluctuations in the percentage of invoices paid within 30 days, with a peak of 19% in Jun 2018 and a drop back down to 9% in Sep 2018. The percentage of invoices paid later than 60 days was consistently high at 30% for all three periods, indicating a potential issue with delayed payments to suppliers.
| 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 Apr 2018 - 30 Sept 2018 | 01 Nov 2018 | 56 | 9% | 61% | 30% | 81% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Depending on the supplier, the standard payment terms will be 30, 60 or end of following 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
60
In the event of a dispute between a supplier and the company, we follow the contract dispute resolution procedure as detailed in the relevant contract and take legal advice as appropriate.
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
This company is registered as WYG Environment Planning Transport Limited, part of the wider WYG group, which now trades under the Tetra Tech brand in the UK and Europe. Its registered SIC codes cover urban planning and landscape architectural activities, engineering related scientific and technical consulting, and other engineering activities. The wider Tetra Tech group, of which this entity forms part, describes itself as a technical, engineering and environmental consultancy operating across sectors including property, water, energy, transport, buildings, infrastructure and defence, serving public and private sector clients across the UK and Europe. The registered entity itself functions as a UK subsidiary within this larger corporate structure rather than an independent trading brand.
Generated from the company's website and Companies House records. Sources: wyg.com · wyg.com