HAMLEYS OF LONDON LIMITED

Company number: 02287862

Reporting period:
3 January 2021 to 30 June 2021

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This report was filed on 29 July 2021

and approved by DARSHAN MEHTA

Payment statistics

Average time taken to pay invoices: 47 days

Invoices paid:

• within 30 days: 61%
• in 31 to 60 days: 17%
• in 61 days or more: 22%

Invoices due but not paid within agreed terms: 39%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

Answer not provided

Standard payment terms

The standard payment terms are 30 days however variations to these terms do exist based on agreement with certain suppliers.

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

120 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

For any payment dispute, first point of contact is our Accounts Payable email address for all our suppliers & the appropriate accounts payable assistant will respond to the query. Hamleys operates an escalation process which sees items not satisfactorily resolved in the first instance elevated to the Head of Department, Finance Controller and CEO.

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

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.

No

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.

No

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?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No