HEATONS (N.I.) LIMITED
Company number: NI035599
Reporting period:
1 May 2017 to
31 October 2017
This report was filed on 4 December 2017
and approved by Rachel Stockton
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 31%
- in 31 to 60 days: 52%
- in 61 days or more: 17%
Invoices due but not paid within agreed terms: 40%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
61 days
Standard payment terms
The standard payment terms for the period was 41 days. Heatons (N.I) Limited standard term is end of the month following which makes up 85% of the invoices. The remaining contracts are negotiated with individual supplier as part of their contract. The amounts disclosed is the average standard payment terms.
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
61 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
The Account Payable department is responsible for dispute resolution. Disputes are resolved by negotiation with individual suppliers to ensure that a resolution is reached before the payment due date.
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