GOV.UK
HUNTER BOOT LIMITED
Company number: SC327869
Reporting period:
1 July 2020
to 31 December 2020
This report was filed on 27 January 2021
and approved by Mark Reed
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 53%
- in 31 to 60 days: 42%
- in 61 days or more: 5%
Invoices due but not paid within agreed terms: 7 %
Payment terms
Shortest standard payment period
14 days
Longest standard payment period
60 days
Standard payment terms
Hunter Boot Limited has 4 key suppliers of goods for resale for which standard payment terms were 21 days from Invoice date. Two of these vendors now have agreed 35 & 45 day terms respectively. Standard terms for the remainder of our supplier base is 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Maximum payment terms for a small section of suppliers are 60 days. Whilst the company standard terms are 30 days we had previously agreed extensions and deferrals where possible to support the business during the Covid-19 pandemic. These, as of Jan 21, are no longer required.
Any other information about payment terms
N/A
Dispute resolution process
Payment issues or disputes of a technical or administrative nature are resolved by the Accounts Payable Manager. Payment issues or disputes of any other nature are passed to the responsible individual in the company who contracted for the goods or services to aid with a resolution. Suppliers were kept regularly informed during the Covid-19 pandemic.
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