Score of 87.6/100 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 Apr 2022 - 30 Sept 2022 | 08 Feb 2023 | 17 | 98% | 1% | 1% | 1% |
| 01 Oct 2021 - 31 Mar 2022 | 26 Aug 2022 | 41 | 77% | 11% | 12% | 63% |
| 01 Apr 2021 - 30 Sept 2021 | 26 Aug 2022 | 36 | 83% | 8% | 9% | 59% |
| 01 Sept 2020 - 31 Mar 2021 | 05 May 2021 | 46 | 66% | 20% | 14% | 35% |
| 01 Apr 2020 - 30 Sept 2020 | 03 Nov 2020 | 43 | 51% | 28% | 21% | 33% |
| 01 Oct 2019 - 31 Mar 2020 | 29 Apr 2020 | 19 | 84% | 14% | 2% | 35% |
| 01 Apr 2019 - 30 Sept 2019 | 15 Oct 2019 | 19 | 73% | 25% | 2% | 45% |
| 01 Oct 2018 - 31 Mar 2019 | 26 Apr 2019 | 21 | 76% | 20% | 4% | 38% |
| 01 Apr 2018 - 30 Sept 2018 | 05 Dec 2018 | 20 | 59% | 40% | 1% | 41% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Contractual length for payment of invoice is 30 Days. There are numerous instances where shorter/longer payment terms are in place.
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
Disputes are resolved by email or telephone conversations
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
WATCHFINDER.CO.UK LIMITED is a luxury watch retailer based in the United Kingdom. The company offers a wide selection of high-end watches from top brands such as Rolex, Omega, and Cartier. Their website, watchfinder.co.uk, allows customers to browse and purchase their products online.
The company is committed to sustainability and has implemented various initiatives to reduce their environmental impact. They have partnered with the Woodland Trust to plant trees and offset their carbon emissions. They also use recycled materials for their packaging and strive to reduce waste in their operations.
The key people at WATCHFINDER.CO.UK LIMITED include the founder and CEO, Stuart Hennell, and the managing director, Matt Bowling. Under their leadership, the company has grown to become one of the leading luxury watch retailers in the UK.
Customers can contact WATCHFINDER.CO.UK LIMITED through their website or by visiting one of their physical stores located in London, Maidstone, and Leeds. The registered office address for the company is 37 St George Street, Mayfair, London, W1S 2FN.
In summary, WATCHFINDER.CO.UK LIMITED is a reputable and sustainable luxury watch retailer in the UK, offering a wide range of high-end products. With a commitment to sustainability and a strong leadership team, the company continues to thrive in the luxury watch market.
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