C. HOARE & CO.

Company number: 00240822

Reporting period:
1 October 2018 to 31 March 2019

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This report was filed on 30 April 2019

and approved by Mr S M Hoare

Payment statistics

Average time taken to pay invoices: 11 days

Invoices paid:

• within 30 days: 97%
• in 31 to 60 days: 3%

Invoices due but not paid within agreed terms: 3%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Full value payable 30 days from date of receipt of invoice.

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

N/A

Any other information about payment terms

N/A

Dispute resolution process

If a dispute arises out of or in connection with this agreement or the performance, validity or enforceability of it (Dispute) then the parties shall follow the procedure set out in this clause: (a)            either party shall give to the other written notice of the Dispute, setting out its nature and full particulars (Dispute Notice), together with relevant supporting documents. On service of the Dispute Notice, the Customer Manager the Supplier Manager shall attempt in good faith to resolve the Dispute; (b)            if the Customer Manager and the Supplier Manager are for any reason unable to resolve the Dispute within 30 days of service of the Dispute Notice, the Dispute shall be referred to the Management Team member of the Customer and the Supplier who shall attempt in good faith to resolve it; and (c)            if the Customer Manager and the Supplier Manager are for any reason unable to resolve the Dispute within 30 days of service of the Dispute Notice, the parties will be entitled to commence court proceedings in relation to the Dispute under clause 29 which shall apply at all times. Clause 29 Jurisdiction - Each party irrevocably agrees that the courts of England and Wales shall have exclusive jurisdiction to settle any dispute of claim (including non-contractural disputes or claims) arising out of or in connection with this agreement or its subject matter or formation. This agreement has been entered into on the date stated at the beginning of it.

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