THE HUT.COM LIMITED
Company number: 05016010
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
21 August 2025
Approved by:
John Andrew Gallemore
Payment statistics
Average time taken to pay invoices: 80 days
Total value paid:
- within 30 days: £12,114,661 (4%)
- in 31 to 60 days: £63,308,205 (23%)
- in 61 days or more: £203,983,035 (73%)
Invoices paid:
- within 30 days: 18%
- in 31 to 60 days: 18%
- in 61 days or more: 64%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £123,288,708
- payments due in the reporting period which have not been paid within the agreed period: 42%
- not made in the reporting period due to a dispute: 2%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
120 days
Standard payment terms
Our standard company payment terms are 60EOMPlus1Day, however we do have suppliers set up on a number of different payment terms ranging from immediate to 120DaysEOM.
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
120 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Disputes are dealt with by the AP Associate contacting the relevant buyer within the company who deals with that particular supplier. The buyer will either amend the PO or contact the supplier to resolve the issue and potentially request a credit note from the supplier if there is an agreed overcharge. The timescale will very much depend upon the type of dispute and whether the supplier agrees,
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.
Yes
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