HARGREAVES SURFACE MINING LIMITED
Company number: 07813088
Reporting period:
1 June 2017
to 30 November 2017
This report was filed on 21 December 2017
and approved by Stephen Craigen
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 74%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 21 %
Payment terms
Standard payment period for qualifying contracts
45 days
Standard payment terms
Our standard payments 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
Disputes and complaints will be dealt with by a dedicated member of the Purchase Ledger team as swiftly as possible.
Should this not 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