GOV.UK
HAMLEYS OF LONDON LIMITED
Company number: 02287862
Reporting period:
3 January 2021
to 30 June 2021
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 29 July 2021
and approved by DARSHAN MEHTA
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 17%
- in 61 days or more: 22%
Invoices due but not paid within agreed terms: 39 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
The standard payment terms are 30 days however variations to these terms do exist based on agreement with certain suppliers.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
120 days
Any other information about payment terms
N/A
Dispute resolution process
For any payment dispute, first point of contact is our Accounts Payable email address for all our suppliers & the appropriate accounts payable assistant will respond to the query.
Hamleys operates an escalation process which sees items not satisfactorily resolved in the first instance
elevated to the Head of Department, Finance Controller and CEO.
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