HACHETTE UK LIMITED
Company number: 02020173
Reporting period:
1 January 2024 to 30 June 2024
Report filed on:
19 July 2024
Approved by:
Pierre de Cacqueray
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 27%
- in 61 days or more: 9%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 45%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Any costs relating to long term contracts in place are paid by DD for example Utility, Postal and Asset related. Our standard payment terms for goods and services are 30 days from date of invoice. We do have instances of proforma, deposit and events that require immediate payment.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
60 days
Paper suppliers are set to 60 days.
Any other information about payment terms
No further comment provided
Dispute resolution process
Resolution of disputed invoice is undertaken by the purchaser of the goods/service until the matter is resolved with the supplier.
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 Fair 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