| 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 Jul 2019 - 31 Dec 2019 | 03 Feb 2020 | 84 | 42% | 21% | 37% | 40% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Sept 2019 | 66 | 44% | 10% | 46% | 50% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jul 2019 | 75 | 47% | 17% | 36% | 56% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2019 | 64 | 43% | 18% | 39% | 57% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days of the date of a correctly rendered invoice
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
Average time taken to pay invoices increased from 66 days in the previous reporting period to 84 days. This was driven by a payment plan agreed and adhered to with a key strategic supplier to clear aged invoices, excluding this the average time taken to pay invoices would have been 54 days.
Maximum contractual payment period agreed
365
All payment disputes are dealt with by the Accounts Payable department by contacting invoices@xercise4less.co.uk. All queries are managed in accordance with our internal processes, as quickly as possible and are escalated where necessary. If payment is required it is added to the next available payment run.
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.
❌
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.
❌
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.
❌
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
WRIGHT LEISURE LIMITED is a dissolved private limited company, incorporated on 21 March 2011, based in the Yorkshire and The Humber region. Registered business activity: Activities of head offices; Fitness facilities.
From Companies House records.