BURO HAPPOLD LIMITED
Company number: 02049511
Reporting period:
1 November 2020
to 30 April 2021
This report was filed on 28 May 2021
and approved by Justin Phillips
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 40%
- in 31 to 60 days: 47%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 64 %
Payment terms
Shortest standard payment period
1 days
Longest standard payment period
60 days
Standard payment terms
Under standard contractual terms we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice. A small number of suppliers have standard terms that are 45, 60 or 90 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Not applicable.
Any other information about payment terms
N/A
Dispute resolution process
We will attempt to resolve in the first instance with negotiations between the authorised representatives of each of the parties. Both parties should continue to perform their relevant obligations, whilst working together to resolve the dispute.
The authorised representative will be the supplier’s main contact with us for these purchases (typically the person who ordered the goods or services and who has been named on the invoice).
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