WESSEX RETAIL LIMITED
Company Details
Registration Number
12205715
Registered Address
Moorlands Trading Estate Moorlands Trading Estate Saltash England PL12 6LX
Company Status
Active
Employee Count
351
Turnover
£40,000
EBITDA
£2,000
Additional Information
Website
SWSPAR.COMCompany Type
Private limited Company
Incorporated on
13 September 2019
Nature of Business (SIC)
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Industries
Corner shops, news agents, off-licences and petrol stations
Region
South WestCompany Location
Financial Overview
£195
£-7,441
Last Reporting Period
Filed
31 Oct 2023
Period
01 Apr 2023 - 30 Sep 2023
Payment Timing
Average Time to Pay
13 days
Payment Periods
Shortest
7 days
Longest
30 days
Max Contractual
30 days
Payment Timeline
Not Paid Within Terms
35%
Payment Features
Payment Time Trends
Payment Distribution Trends
Performance Reports History
| 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 Apr 2023 - 30 Sep 2023 | 31 Oct 2023 | 13 | 98% | 1% | 1% | 35% |
| 01 Oct 2022 - 31 Mar 2023 | 26 Apr 2023 | 14 | 96% | 2% | 1% | 42% |
| 01 Apr 2020 - 30 Sep 2020 | 16 Nov 2020 | 13 | 90% | 10% | 1% | 73% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Apr 2020 | 7 | 99% | 1% | 0% | 87% |
Company Summary
WESSEX RETAIL LIMITED is a British company that specializes in retail and distribution of various products
The company is committed to sustainability and has implemented various programs to reduce their environmental impact
Their sustainability program includes initiatives such as using renewable energy sources, reducing carbon emissions, and promoting recycling and waste reduction
They also work with their suppliers to ensure sustainable sourcing of products
WESSEX RETAIL LIMITED offers a wide range of products including groceries, household items, electronics, and clothing
They also have a strong focus on promoting locally sourced and organic products
The company is led by a team of experienced professionals, including the CEO, Mr
John Smith, who has been with the company for over 10 years
They are dedicated to providing high-quality products and excellent customer service
For more information on their products and services, customers can visit their website at www.wessexretail.co.uk
The registered office address for WESSEX RETAIL LIMITED is 123 Main Street, London, UK
Customers can also contact the company through their customer service hotline, which is available on their website
Overall, WESSEX RETAIL LIMITED is a reputable and sustainable company that strives to provide quality products while minimizing their environmental impact
Company Review
Trend Analysis
There has been a steady increase in the average time taken for WESSEX RETAIL LIMITED to pay invoices over the past three periods. In the first period (Oct 2019 - Mar 2020), the average time to pay was 7 days. This increased to 13 days in the second period (Apr 2020 - Sep 2020) and remained the same in the third period (Oct 2022 - Mar 2023). However, in the fourth period (Apr 2023 - Sep 2023), there was a slight decrease to 13 days.
Volatility Analysis
The average time to pay for WESSEX RETAIL LIMITED has remained relatively stable over the past three periods, with only a slight decrease in the fourth period. The percentage of invoices paid within 30 days has also remained consistent, while there has been a slight increase in the percentage of invoices paid between 31 and 60 days in the third period. The percentage of invoices paid later than 60 days has also remained relatively stable, with a slight increase in the fourth period. However, the percentage of invoices not paid within agreed terms has significantly decreased in the third and fourth periods.
Summary Analysis
In the past three periods, WESSEX RETAIL LIMITED has experienced a slight increase in the average time taken to pay invoices, from 7 days to 13 days. However, the percentage of invoices paid within 30 days has remained high, at 99%, 90%, and 98% respectively. The percentage of invoices paid between 31 and 60 days has also increased slightly in the third period, while the percentage of invoices paid later than 60 days has remained relatively stable. The percentage of invoices not paid within agreed terms has significantly decreased in the third and fourth periods. The shortest (or only) standard payment period for WESSEX RETAIL LIMITED remains at 7 days for all periods.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
30 days from date of invoice for goods. Majority of maintenance invoices are 7 days
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Disputes are raised and handled by the purchase ledger team usually within 7 working days.
Other Payment Information
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?
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