WESSEX RETAIL LIMITED

PaymentCheck Score 2024
93Excellent
0.7vs last year
#734 in UK
#9 in Supply Chain
#29 in South West

Company Information

Company Number
12205715
Registered Address
Moorlands Trading Estate, Moorlands Trading Estate, Saltash, England, PL12 6LX
Status
Active
Employee Count
351
Turnover
£40,000
EBITDA
£2,000

Additional Details

Company Type
Private limited Company
Incorporated On
13 September 2019
Nature of Business
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Industries
Supply Chain,Manufacturing And Commerce Models
Region
South West

Time to Pay

Average Time to Pay
16 days
Shortest Period:30 days
Longest Period:60 days
Max Contractual:365 days

Payment Timeline

Within 30 Days
95%
31-60 Days
3%
After 60 Days
1%
Not Paid Within Terms45%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-10-24
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2023 - 31 Mar 202422 Apr 20241398%2%0%30%
01 Apr 2023 - 30 Sept 202331 Oct 20231398%1%1%35%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

On average 30 days from invoice. we do have some with in 7 days. eg Quartey rents in advance.

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

365

Dispute Resolution Process

none

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.

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

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.

Financial Metrics

Cash
£195
Net Worth
-£7,441
Total Current Assets
£5,231
Total Current Liabilities
£16,031

Company Location