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HACHETTE UK LIMITED
Company number: 02020173
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 27 July 2018
and approved by Pierre de Cacqueray
Payment statistics
Average time taken to pay invoices: 29 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 19%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 32 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Our standard payment terms for goods and services are '30 days from date of invoice'. All vendor accounts who submit invoices specifically for personal expenses via accounts payable have implied terms of zero 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
All Utility vendors are paid via Direct debit
Our standard payment terms for goods and services are 30 days date of invoice
We pay vendors within 14 days for Event bookings and proforma invoices
c. 50% of all invoices due but not paid within agreed terms were settled within 14 days of this date
Dispute resolution process
All invoices that are in dispute are referred to the relevant buyer/approver. Accounts Payable will follow up the dispute with the procurer while the dispute is resolved. These disputes are resolved as quickly as possible will be escalated to a senior manager for resolution if protracted.
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