QHG TRADING LLP
Company number: OC414946
Reporting period:
1 July 2018
to 31 December 2018
This report was filed on 30 January 2019
and approved by Warren Blount
Payment statistics
Average time taken to pay invoices: 310 days
Invoices paid:
- within 30 days: 9%
- in 31 to 60 days: 1%
- in 61 days or more: 90%
Invoices due but not paid within agreed terms: 0 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
365 days
Standard payment terms
Payment terms are agreed with suppliers as part of contract negotiations. The most commonly used terms are 30 days, but payment terms vary by commodity traded and geographical location and could be longer or shorter as mutually agreed. Once authorised, trade invoices are paid when contractually due through regular payment runs.
Consistent with normal industry practices:
Variety of 30 days up to 365 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
365 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
The process for resolution of disputes involves discussion with our commercial & legal teams to review facts and circumstances and recommend resolutions.
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