BETA This is a new service – your feedback will help us to improve it.

HESTVIEW LIMITED

Company number: 01100741

Reporting period:
1 July 2019 to 31 December 2019

---

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

This report was filed on 31 January 2020

and approved by Mr Ian Proctor

Payment statistics

Average time taken to pay invoices: 52 days

Invoices paid:

• within 30 days: 33%
• in 31 to 60 days: 45%
• in 61 days or more: 22%

Invoices due but not paid within agreed terms: 36 %

Payment terms

Standard payment period for qualifying contracts

45 days

Standard payment terms

Standard company payment terms are 45 days from date of invoice, as outlined within our T&C's which are issued at both on boarding stage and detailed on all physical purchase orders at time of issue.

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

No

Maximum contractual payment period agreed

45 days

Any other information about payment terms

All invoices must have a valid PON number to process against. This should be provided to the supplier prior to goods/services being provided or carried out. In any instance this is not provided, this could result in a payment delay.

Hestview Ltd facilitate regular payment runs, paying all approved and due invoices in a timely manner.

Dispute resolution process

Hestview Limited seek to avoid any disputes or complaints, resolving any in a timely manner. This involves working directly with both internal and external stakeholders to identify and address any issues, resolving quickly and identifying timely solutions.

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