HABERDASHERS' ASKE'S FEDERATION TRUST
Company number: 02535091
Reporting period:
1 September 2017
to 28 February 2018
This report was filed on 29 March 2018
and approved by Adrian Percival
Payment statistics
Average time taken to pay invoices: 50 days
Invoices paid:
- within 30 days: 46%
- in 31 to 60 days: 33%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 54 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days after receipt of a correctly
submitted and approved invoice
These payment terms should not
be varied without the express
written consent of both parties
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
There is a contract manager on
each side, so initial queries would
go to them.
Anything in dispute would be
escalated to the Financial Director
and to the Federation Executive
Directors.
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
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