HALL & WOODHOUSE LIMITED
Company number: 00057696
Reporting period:
28 July 2018
to 26 January 2019
This report was filed on 18 February 2019
and approved by Michael Owen
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 44%
- in 31 to 60 days: 53%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 23 %
Payment terms
Shortest standard payment period
61 days
Longest standard payment period
68 days
Standard payment terms
End of the month follwoing date of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
68 days
End of the month following date of invoices plus 7 days
Any other information about payment terms
N/A
Dispute resolution process
The team member responsible for ordering will seek to resolve the dispute informally in the first instance. If that is not possible, the dispute will be escalated to the Accounts Office Manager or Financial Controller, who will work with the Director of the purchasing department to resolve the dispute.
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