H+H UK LIMITED

Company number: 00247647

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 25 January 2019

and approved by Spencer Nye

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

• within 30 days: 15%
• in 31 to 60 days: 66%
• in 61 days or more: 19%

Invoices due but not paid within agreed terms: 82%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

60 days

Standard payment terms

45 Days from the end of the month in which the invoice is dated.

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

60 days was the starting point of new contracts/accounts but a new group wide standard has been implemented. This only affects new business so no notification of current suppliers has been necessary.

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

N/A

Maximum contractual payment period agreed

60 days

Depending on the date of the invoice the longest period could be either the 60 days from invoice date or the 45 days from end of invoice month.

Any other information about payment terms

N/A

Dispute resolution process

Contact the purchase ledger department and where issues arise they will be investigated immediately.

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