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HONEYWELL SECURITY UK LIMITED
Company number: 01248725
Reporting period:
1 January 2019
to 30 June 2019
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 22 August 2019
and approved by Jutha, Piyush
Payment statistics
Average time taken to pay invoices: 112 days
Invoices paid:
- within 30 days: 2%
- in 31 to 60 days: 12%
- in 61 days or more: 86%
Invoices due but not paid within agreed terms: 43 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
120 days
Standard payment terms
Direct-90
Indirect - 120
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
No
Any other information about payment terms
No
Dispute resolution process
The business operates an accounts payable helpdesk model to service supplier queries. Queries are answered within 2 working days following receipt of the query.
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.
Yes
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.
Yes
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