GOV.UK
HAMPDEN GROUP LIMITED
Company number: NI011639
Reporting period:
1 January 2019
to 30 July 2019
This report was filed on 30 July 2019
and approved by Andy Coleman
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 31%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 57 %
Payment terms
Standard payment period for qualifying contracts
75 days
Standard payment terms
Standard payment terms are end of second month following (75 day average), from the date of receiving an invoice for 'goods for resale', and 60 days from date of receiving an invoice for 'goods not for resale'.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Maximum payment terms are 90 days from date of receiving an invoice.
Any other information about payment terms
The company raises payment instructions in line with the agreed payment terms, which make no allowance for fund transmission times. The funds are available to suppliers between 1 and 3 days after the payment terms date depending upon the method of transmission.
Supplier would be notified through contract negotiations, should there be any changes to their payment terms.
Dispute resolution process
Where non-payment is caused by invoicing inaccuracy suppliers are immediately informed of held items through the EDI (Electronic Data Interchange) system. Once resolved, payment will be made in accordance with the terms of the contract, unless the invoice is overdue where it will be paid in the next available payment run.
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