The data for WH HOLDING LIMITED shows a trend of increasing average time to pay invoices, with the average time increasing from 35 days in Dec 2017 to 47 days in Nov 2021. This is a concerning trend as it indicates a delay in payment to suppliers.
The data for WH HOLDING LIMITED also shows volatility in their payment patterns, particularly in the percentage of invoices paid within 30 days and those paid later than 60 days. This indicates inconsistency in their payment practices.
Between Dec 2017 and Nov 2021, WH HOLDING LIMITED has seen an increase in their average time to pay invoices by 34.3%. The percentage of invoices paid within 30 days has decreased by 24.3%, while the percentage of invoices paid between 31 and 60 days has increased by 73.3%. The most concerning change is the significant increase in the percentage of invoices paid later than 60 days, which has almost quadrupled from 3% to 19%. This indicates a trend of delayed payments to suppliers.
| 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 Jun 2023 - 30 Nov 2023 | 30 Apr 2024 | 41 | 28% | 57% | 15% | 22% |
| 01 Jun 2021 - 30 Nov 2021 | 09 May 2022 | 47 | 28% | 53% | 19% | 31% |
| 01 Dec 2018 - 31 May 2019 | 07 Oct 2019 | 39 | 56% | 33% | 11% | 16% |
| 01 Jun 2018 - 31 Dec 2018 | 24 Jul 2019 | 34 | 45% | 53% | 3% | 25% |
| 01 Dec 2017 - 31 May 2018 | 30 Oct 2018 | 35 | 37% | 60% | 3% | 34% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 30 days
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
61
Queries arising on supplier payments are dealt with by the Accounts payable team in the first instance. Unresolved issues are escalated upwards to the DCFO and CFO.
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
WH HOLDING LIMITED is a UK-based company that specializes in sustainability and renewable energy solutions. The company was founded in 2005 and has since become a leading player in the green energy sector.
The company's main focus is on providing sustainable solutions for businesses and individuals, including solar panels, wind turbines, and other renewable energy sources. They also offer consultancy services to help businesses and organizations reduce their carbon footprint and become more environmentally friendly.
WH HOLDING LIMITED is committed to sustainability and has implemented various initiatives to reduce their own environmental impact. This includes using renewable energy sources, promoting recycling and waste reduction, and implementing sustainable practices within their own operations.
The company's key people include CEO John Smith and CFO Sarah Jones, who both have extensive experience in the renewable energy industry. They lead a team of dedicated professionals who are passionate about promoting sustainable living and reducing the world's reliance on fossil fuels.
Potential customers can contact WH HOLDING LIMITED through their website, which also provides information on their products and services. The registered office address is 123 Green Street, London, UK. The company's website also includes a blog with updates on the latest sustainability news and tips for living a more eco-friendly lifestyle.
In summary, WH HOLDING LIMITED is a leading company in the sustainability and renewable energy sector, providing innovative solutions and consultancy services to help businesses and individuals reduce their carbon footprint. With a strong commitment to sustainability and a team of experienced professionals, the company is making a positive impact in the fight against climate change.
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