| 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 |
|---|---|---|---|---|---|---|
| 02 Apr 2019 - 30 Sept 2019 | 21 Oct 2019 | 41 | 33% | 54% | 13% | 50% |
| 02 Oct 2018 - 01 Apr 2019 | 21 Oct 2019 | 43 | 32% | 54% | 14% | 43% |
| 03 Apr 2018 - 01 Oct 2018 | 07 Nov 2018 | 42 | 27% | 55% | 18% | 64% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Lay & Wheeler does not have standard payment terms, and aims to pay suppliers (both for stock and for services rendered) by their requested date. It should be noted that invoices are frequently received closer to the due date than the agreed terms allow, and we are working with our suppliers for more timely receipt of their invoices.
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
Any invoice disputes are raised directly with the supplier, and the invoice in question is placed on hold until the dispute is resolved. We aim to resolve disputes as quickly as possible.
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
Lay & Wheeler Limited is a company registered in England, incorporated in 2006 and based in Ipswich. Companies House records its business as the wholesale of wine, beer, spirits and other alcoholic beverages. It has previously been under the control of Majestic Wine Warehouses Limited and Majestic Wine Plc, and is currently controlled by Coterie Holdings Uk Limited, which holds 75% or more of its shares and voting rights. The company operates within the alcoholic beverages wholesale trade, supplying wine and other alcoholic drinks. Its registered status remains active, with accounts and confirmation statements filed up to 2025.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk · find-and-update.company-information.service.gov.uk