Score of 94.83/100 qualifies for PaymentCheck Certification
WORLD OF BOOKS GROUP LTD exhibits a strong trend of prompt payments, averaging just 16 days per invoice. A significant 92% of payments are consistently made within 30 days, indicating a highly reliable and fast payment trajectory for suppliers.
Payment reliability and predictability are high, with 92% of invoices settled well within standard terms. While 11% of payments are technically late, only 1% extend beyond 60 days, demonstrating very low volatility regarding severely overdue amounts and minimal extreme credit risk.
Overall, WORLD OF BOOKS GROUP LTD offers a highly attractive payment profile for suppliers due to its consistently fast processing. Key decision factors include the average 16-day payment time and 92% within 30 days, significantly improving supplier cash flow predictability. Suppliers can proceed with high confidence; minor mitigation might involve monitoring the small percentage of overdue invoices, but overall payment risk is low.
| 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 |
|---|---|---|---|---|---|---|
| 27 Apr 2021 - 24 Nov 2021 | 25 Nov 2021 | 16 | 92% | 7% | 1% | 11% |
| 01 Nov 2020 - 26 Apr 2021 | 29 Apr 2021 | 14 | 97% | 2% | 1% | 13% |
| 01 May 2020 - 31 Oct 2020 | 27 Nov 2020 | 16 | 96% | 1% | 3% | 10% |
| 01 Nov 2019 - 30 Apr 2020 | 05 Jun 2020 | 30 | 95% | 4% | 1% | 20% |
| 01 May 2019 - 31 Oct 2019 | 29 Nov 2019 | 30 | 88% | 11% | 1% | 5% |
| 01 Nov 2018 - 30 Apr 2019 | 08 May 2019 | 30 | 68% | 27% | 5% | 3% |
| 01 May 2018 - 31 Oct 2018 | 27 Nov 2018 | 30 | 88% | 9% | 3% | 13% |
| 01 Nov 2017 - 30 Apr 2018 | 29 May 2018 | 30 | 97% | 2% | 1% | 1% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The standard payment terms relating to the supply of books for resale is 60 days from the date of invoice. However due to the nature of the business there are also non-standard supplier payment terms which are shorter and longer than our preferred standard terms. Excluding books, the standard terms relating to the supply of operations and logistical services to the company are 60 days from date of invoice. However there are non-standard supplier payment terms which are shorter and longer than the standard terms. The company standard payment terms are 60 days. However, in certain circumstances, a supplier will seek to impose its own payment terms, and in other circumstances, a bespoke contract will be agreed.
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
90
Resolution of disputes is handled on a case-by-case basis. The company seeks 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
WORLD OF BOOKS GROUP LTD is an active private limited company specialising in the book sector.
The company was incorporated on 9 December 2010 under company number 07464694. Its registered office is located at Mulberry House Woods Way, Goring-By-Sea, Worthing, West Sussex, BN12 4QY, placing its operations within the South East region of the UK.
Typically, private limited companies operating in the UK book sector engage in a range of activities. These commonly include the retailing, wholesaling, and distribution of books, encompassing both new and pre-owned titles, often through various online and physical channels.