GOV.UK
HOST MANAGEMENT LTD
Company number: 04759938
Reporting period:
1 July 2020
to 31 December 2020
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 25 May 2021
and approved by Nicholas Thomas
Payment statistics
Average time taken to pay invoices: 95 days
Invoices paid:
- within 30 days: 3%
- in 31 to 60 days: 7%
- in 61 days or more: 90%
Invoices due but not paid within agreed terms: 99 %
Payment terms
Shortest standard payment period
60 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms are 60 days end of month
Were there any changes to the standard payment terms in the reporting period?
Yes – Payment terms extended to 90 days end of month whilst covid restrictions in place
Were suppliers notified or consulted about these changes before they were made?
Yes – Procurement team had conversations with our suppliers to agree a temporary increase of terms
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
Accounts payable operate a shared mailbox that is used by suppliers for comments and queries. Also this can be escalated via the procurement 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.
Yes
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