W. WING YIP & BROTHERS TRADING GROUP LIMITED
Company Information
- Company Number
- 03985372
- Registered Address
- 375 Nechells Park Road, Nechells Birmingham, West Midlands, B7 5NT
- Status
- Active
- Employee Count
- Coming Soon
- Turnover
- Coming Soon
- EBITDA
- Coming Soon
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 4 May 2000
- Nature of Business
- 70100 - Activities of head offices
- Industries
- Coming Soon
- Region
- Other
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
The average payment time of 39 days indicates a consistent trend of settling invoices beyond standard 30-day terms. A substantial 71% of payments occur between 31 and 60 days, showing a clear pattern of delayed but generally within a reasonable extended window. The 75% late payment rate further confirms this consistent trajectory towards later payments.
Volatility Analysis
While 75% of payments are late, the high concentration of 71% settling between 31 and 60 days suggests a degree of predictability within an extended payment cycle. Suppliers can reasonably anticipate payment within this 31-60 day window for the majority of invoices. However, the 9% of payments extending beyond 60 days introduces a notable risk of significant and less predictable delays.
Summary Analysis
Suppliers should anticipate an average payment duration of 39 days, with a high probability of invoices being paid between 31 and 60 days given the 71% concentration. It is advisable to factor in these extended payment terms and the 75% late payment rate when setting expectations and cash flow projections. To mitigate risk, consider negotiating clear payment schedules, offering discounts for earlier payments, or adjusting pricing to account for extended credit periods.
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 Apr 2025 - 30 Sept 2025 | 31 Oct 2025 | 39 | 20% | 71% | 9% | 75% |
| 01 Oct 2024 - 31 Mar 2025 | 29 Apr 2025 | 39 | 20% | 73% | 7% | 3% |
| 01 Apr 2024 - 30 Sept 2024 | 25 Oct 2024 | 39 | 22% | 69% | 9% | 72% |
| 01 Oct 2023 - 31 Mar 2024 | 03 May 2024 | 39 | 22% | 69% | 9% | 71% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 37 | 22% | 67% | 11% | 79% |
| 01 Oct 2022 - 31 Mar 2023 | 21 Apr 2023 | 41 | 23% | 66% | 11% | 78% |
| 01 Apr 2022 - 30 Sept 2022 | 31 Oct 2022 | 40 | 25% | 67% | 8% | 75% |
| 01 Oct 2021 - 31 Mar 2022 | 28 Apr 2022 | 43 | 24% | 65% | 11% | 79% |
| 01 Apr 2021 - 30 Sept 2021 | 21 Oct 2021 | 44 | 17% | 70% | 13% | 84% |
| 01 Oct 2020 - 31 Mar 2021 | 29 Apr 2021 | 48 | 17% | 65% | 18% | 83% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Oct 2020 | 46 | 20% | 62% | 18% | 81% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 43 | 21% | 65% | 14% | 78% |
| 01 Apr 2019 - 30 Sept 2019 | 31 Oct 2019 | 41 | 23% | 64% | 13% | 75% |
| 01 Oct 2018 - 31 Mar 2019 | 30 Apr 2019 | 42 | 23% | 62% | 15% | 76% |
| 01 Apr 2018 - 30 Sept 2018 | 02 Nov 2018 | 41 | 23% | 63% | 14% | 78% |
| 01 Oct 2017 - 31 Mar 2018 | 02 May 2018 | 41 | 24% | 62% | 14% | 77% |
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
Our standard payment terms are 42 days unless suppliers payment terms are applied which can be longer or shorter than standard.
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
Dispute Resolution Process
Invoices are matched to PO's on receipt by our Accounts Payable Team. Any invoice variances are sent to the buyer for approval. If the buyer disputes the invoice, the Accounts Payable Team e-mail the supplier with a credit request or a request for proof of delivery typically within 48 hours. Once full credit or proof of delivery has been received, the invoice and any credits are processed ready for payment. If in the meantime the invoice has become due for payment, the invoice is added to the next bacs run (weekly). If the Accounts Payable Team are unable to resolve a dispute or query, the dispute is escalated to the Group Financial Controller for resolution.
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.
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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.
❌
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
W
WING YIP & BROTHERS TRADING GROUP LIMITED operates as an active private limited company, indicating its engagement in trading operations within a structured corporate framework
The company's name directly reflects its focus on group-led trading activities
The company was incorporated on 4 May 2000 and holds the company number 03985372
Its registered office is situated at 375 Nechells Park Road, Nechells Birmingham, West Midlands, B7 5NT
Organisations structured as private limited trading groups in the UK typically specialise in the procurement, distribution, and sale of various products
Their operations commonly encompass wholesale, retail, import, or export activities to supply goods across different markets and customer bases
