GOV.UK
HUGHES TV AND AUDIO LIMITED
Company number: 00695682
Reporting period:
1 September 2018
to 31 March 2019
This report was filed on 7 October 2019
and approved by Chris Thornton
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 38%
- in 31 to 60 days: 58%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 11 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
60 days
Standard payment terms
The Company follow the standard payment terms of each supplier. They range from 7 to 60 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
We take our relationship with suppliers seriously work to build honest, sustainable relationships.
We support our suppliers by having a dedicated account contact this includes a phone number so they can talk directly. Normally disputes are resolved very quickly between the account contact and the supplier. Any escalations are raised to the Finance Director to investigate and resolve.
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