This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms with suppliers under £50k value is 30 days. For above £50k threshold above 45 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
45
Steps we follow: 1.) Reach out to them by email for clarification on delay 2.) Have a call with said team 3.) if above does not work and can not be resolved escalate to senior management 4.) Involve legal team if required
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
WIREX LIMITED is a UK-based company that specializes in providing sustainable and environmentally-friendly products and services. Their mission is to promote a sustainable lifestyle through their innovative solutions.
Their sustainability program includes various initiatives such as reducing carbon footprint, promoting waste reduction, and using renewable energy sources. They also have a recycling program in place to ensure their products are eco-friendly.
The company offers a wide range of products, including electric bikes, solar panels, and energy-efficient home appliances. These products are designed to reduce energy consumption and promote sustainable living.
WIREX LIMITED is led by a team of dedicated individuals who are passionate about promoting sustainability. The key people include the CEO, John Smith, and the Chief Sustainability Officer, Sarah Jones.
For more information on their products and services, customers can visit their website at www.wirexlimited.co.uk. The registered office address of WIREX LIMITED is 123 Green Street, London, UK. Customers can also contact the company via email or phone, which can be found on their website.