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H.TEMPEST LIMITED

Company number: 00374510

Reporting period:
1 July 2018 to 31 December 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 1 February 2019

and approved by Bryan Buck

Payment statistics

Average time taken to pay invoices: 15 days

Invoices paid:

• within 30 days: 81%
• in 31 to 60 days: 17%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 13 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

H Tempest Ltd negotiates and agrees payment terms with suppliers as necessary. Our general terms are to settle all valid invoices within 30 days of invoice date although this can be dependent upon the nature of the goods / services being supplied.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

N/A

Dispute resolution process

Process for dispute resolution for overdue invoices:
Any disagreements with amounts invoiced by suppliers will be raised by the individual responsible for the expenditure. Complaints by suppliers should be directed in the first instance to the individual responsible for the expenditure or their head of department. Should the matter remain unresolved this may be escalated to a senior manager or director.

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