HITACHI CONSTRUCTION MACHINERY (UK) LIMITED
Company number: 01082975
Reporting period:
1 October 2025 to 31 March 2026
Report filed on:
12 June 2026
Approved by:
Andrew Shield
Contracts and payments
Do any of this business's construction contracts with its suppliers include retention clauses? No
Payment statistics
Average time taken to pay invoices: 25 days
Total value paid:
- within 30 days: £46,154,000 (68%)
- in 31 to 60 days: £18,665,000 (27%)
- in 61 days or more: £3,479,000 (5%)
Invoices paid:
- within 30 days: 66%
- in 31 to 60 days: 30%
- in 61 days or more: 4%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £35,305,000
- payments due in the reporting period which have not been paid within the agreed period: 75%
- not made in the reporting period due to a dispute: 15%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
60 days
Standard payment terms
Payments made by the Company will normally be processed at the end of the month in which the invoice is dated, plus three working days.
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
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Any queries or discrepancies relating to invoices are reviewed by the appropriate stakeholders within the Company. Every effort will be made to resolve issues in a timely and collaborative manner. Where necessary, matters may be referred to higher levels of management to facilitate resolution.
To ensure efficient processing and payment, invoices must comply with the Company's purchasing and invoicing requirements. Invoices that do not contain the required reference information or supporting documentation may be rejected and returned to the supplier for correction and resubmission.
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