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HARGREAVES INDUSTRIAL SERVICES LIMITED

Company number: 02307132

Reporting period:
1 December 2017 to 31 May 2018


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

This report was filed on 15 June 2018

and approved by Stephen Craigen

Payment statistics

Average time taken to pay invoices: 62 days

Invoices paid:

Invoices due but not paid within agreed terms: 38 %

Payment terms

Standard payment period for qualifying contracts

45 days

Standard payment terms

Our standard terms are 30 days following the end of the month in which the invoice is received.

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

No

Maximum contractual payment period agreed

75 days

Any other information about payment terms

N/A

Dispute resolution process

Any disputes or complaints are handled by our dedicated purchase ledger team, in a timely manner.

Should they be unable to resolve the issue, the matter will be escalated to an appropriate member of the Finance team.

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