The average time to pay for CHARLES WELLS BREWERY LIMITED has increased over the three periods, with the biggest jump seen in the second period (2018-04-01 to 2018-09-30) where it increased by 34.4%. This shows a trend towards longer payment times for the company.
The percentage of invoices paid within 30 days has remained relatively consistent over the three periods, with a slight decrease of 2.7% in the third period (2018-10-01 to 2019-03-31). However, there has been significant volatility in the percentages of invoices paid between 31 and 60 days and later than 60 days. The third period shows the highest percentage of invoices paid later than 60 days at 28%, which is a 4% increase from the second period.
For CHARLES WELLS BREWERY LIMITED, the average time to pay has increased from 61 days in the first period (2017-10-01 to 2018-03-31) to 88.7 days in the third period (2018-10-01 to 2019-03-31). The percentage of invoices paid within 30 days has remained relatively consistent at around 21%, but there has been a decrease in the percentage of invoices paid between 31 and 60 days (from 52% to 53.7%) and an increase in the percentage of invoices paid later than 60 days (from 27% to 28%).
| 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 | 02 Nov 2018 | 82 | 21% | 52% | 27% | 40% |
| 01 Oct 2017 - 31 Mar 2018 | 23 Apr 2018 | 61 | 21% | 49% | 30% | 42% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
15 Days after the end of the second 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
75
Queries should be emailed to accountspayable@charleswells.co.uk along with a copy of the Invoice(s). Where Invoices contain a Purchase Order number or the name of the Orderer / Approver an update should be received within 5 Working Days. Where Invoices do not contain a Purchase Order Number or the name of the Orderer / Approver then investigation could take longer
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
Charles Wells Brewery Limited is a Bedford-based brewing company, registered at Brewpoint in Fairhill. It was previously known as Wells & Young's Brewing Company Limited before reverting to its current name. Companies House records show its business as the manufacture of beer and the wholesale of wine, beer, spirits and other alcoholic beverages. The company is part of the wider Charles Wells group, which holds significant control over it. It remains an active private limited company, having been incorporated in 2006, and continues to file regular accounts and confirmation statements as a brewing and alcoholic drinks wholesale business operating from its Bedford site.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk