Their own payment-practices filing · gov.uk
Willis International Limited paid suppliers in 91 days on average — 46 days past its stated terms
Their H1 2018 filing put the average 46 days past the 45-day term they state.
- Their stated terms
- 45 days
- Paid outside agreed terms
- 76% of invoices
- Paid after 61+ days
- 61%
- Reporting period
- 1 Jan 2018 – 30 Jun 2018
- Source
- their gov.uk filing, filed 30 Jul 2018
Self-reported figures from their statutory filing. How this is compiled.
Terms vs reality · their H1 2018 filing
Paid 46 days past their stated terms
Where their invoices landed · share of all invoices
The read · computed from their figures
Willis International Limited's H1 2018 filing put their average at 91 days against stated terms of 45 days; 76% of invoices were paid outside agreed terms and 61% took 61 days or longer. Filed 30 Jul 2018.
That is one statutory period on record (earliest H1 2018) — a historical record, not a promise for a new invoice.
In their own words · from the filing
Standard payment terms
The Company’s standard contractual payment terms for all qualifying contracts are no later than 45 days after the receipt of an invoice. Other payment terms may apply. Agreed payment terms are reflected in our contractual documentation and accounting system.
Dispute resolution
Payment processing is managed by the Accounts Payable function and any supplier queries are actioned by that team. In the event they are unable to resolve the matter, the query will be discussed between the supplier and relevant colleague to ensure satisfactory resolution for both the supplier and the Company.
Other information
Although the payment period under the Company’s standard payment terms runs from the date of receipt of the relevant invoice, for the purpose of calculating the metrics for this report, we have taken the date stated on the invoice itself as the commencement date for the payment period, and the statistics are reported against this measure. Consequently, it is likely that the statistics will show a greater level of late payments than is actually the case if strictly applying the standard payment terms. Of the 76% invoices due but not paid within agreed terms, 76% were made to other companies within the Willis Towers Watson Group and 24% were made to companies external to the Willis Towers Watson Group. The overdue statistics include invoices that were settled within a few working da
Every statutory report on record
Most recent first.
| Period | Avg days | Outside terms | 61+ days | Filed |
|---|---|---|---|---|
| H1 2018 | 91 | 76% | 61% | 30 Jul 2018 |
On the public register · Companies House
Company record
- Status
- Active
- Type
- Private Limited Company
- Incorporated
- 20 Nov 1975
- Registered office
- 51 LIME STREET, LONDON, EC3M 7DQ
Illustrative · working-capital arithmetic
What a 91-day cycle ties up
A worked example, not a finding. On a hypothetical £12k/month account, at a 91-day vs a 45-day payment cycle.
Late Payment Act. The Late Payment of Commercial Debts (Interest) Act 1998 lets a supplier charge statutory interest and fixed compensation on invoices paid past agreed terms. Work out what a late invoice is worth → Whether it applies depends on your contract — check with an adviser.
Quick answers · Willis International Limited
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How UK payment reporting works
What is a Payment Practices Report?
What does "paid outside agreed terms" mean?
How often is this data updated?
Is this official government data?
How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.
The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).
Report PL-01234512 · latest period to 30 Jun 2018
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