Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 100/100 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 2021 - 01 Jun 2021 | 29 Jul 2021 | 1 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 79 | 50% | 0% | 50% | 50% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 35 | 50% | 0% | 50% | 50% |
| 01 Jul 2019 - 31 Dec 2019 | 16 Jan 2020 | 4 | 100% | 0% | 0% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 24 Jul 2019 | 46 | 50% | 0% | 50% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 31 Jan 2019 | 4 | 100% | 0% | 0% | 0% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Jul 2018 | 11 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment period in the company’s standard form of contract and purchase order is 35 days up to a maximum of 60 days from receipt of a valid invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
35
A monthly review process to monitor invoices has been established to consider options for settlement in the event of delayed payment. Where a dispute does arise the cost manager will review the position and refer the matter to director level where appropriate. Whilst every effort is made to resolve payment disputes quickly, in the event a dispute cannot be resolved by agreement, the parties are subject to the laws of England and Wales and the exclusive jurisdiction of the English courts.
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
CWBC Properties (BP1) Limited is registered as a non-trading company, with its registered office at Canary Wharf Group's headquarters in London. Companies House records classify its nature of business as non-trading, indicating it functions as a holding entity rather than an operating business. It forms part of the wider Canary Wharf Group, whose associated website describes Canary Wharf as a mixed-use estate combining residential apartments, retail and dining space, office premises and event venues. No evidence indicates that this particular entity itself trades, provides services or generates income; its role appears limited to holding a property-related interest within the group's corporate structure.
Generated from the company's website and Companies House records. Sources: canarywharf.com