HENRY BOOT DEVELOPMENTS LIMITED
Company number: 01390361
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
30 January 2019
Approved by:
Darren Littlewood
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 16%
- in 61 days or more: 5%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 62%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
Answer not provided
Standard payment terms
Henry Boot Developments standard supplier payment terms are between 14 - 30 days from date of invoice. This is subject terms contained within a specific contract. Due date is calculated by applying agreed terms to the invoice date. If an invoice falls due during a weekend or bank holiday, the payment transaction is executed on the following business day. All invoices received are required to comply with our invoice requirements, otherwise we reserve the right to not process the document for payment until it has been corrected. Terms are negotiated and agreed with suppliers on initial engagement.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In the event of a complaint or dispute about the payment of an invoice, in the first instance contact should be made with the relevant company’s purchase ledger department to find out what the problem is. If the Purchase Ledger contact is unable to tell you the details of the dispute on your invoice, in the second instance, contact should be made with the person who placed the order with the relevant supplier. In respect of suppliers of goods, goods received are inspected and receipted on site with any issues arising communicated to the supplier via telephone or email. For construction related payments and disputes, this is governed by the relevant sub-contract, which complies with the UK Construction Act and may contain more specific procedures or requirements.
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