HUMDINGER LIMITED
Company number: 04241596
Reporting period:
1 July 2020 to 31 December 2020
Report filed on:
27 January 2021
Approved by:
Alison Francey
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 31%
- in 61 days or more: 5%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 11%
Payment terms
Shortest standard payment periods
29 days
Longest standard payment period
Answer not provided
Standard payment terms
Supplier terms used on all occasions. We have therefore given the average time to pay
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
365 days
Invoices for rates cover a full year but are paid via monthly or quarterly direct debits
Any other information about payment terms
No further comment provided
Dispute resolution process
Any complaint or concern will be dealt with by the accounts payable department initially and then if still unresolved, by the AP manager and then Financial Controller or Finance Director if required. These are looked into within a few working days of the supplier making contact and a resolution can take between a few days and a few months depending on 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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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