HUTCHISON 3G UK LIMITED
Company number: 03885486
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
29 July 2021
Approved by:
Robert Finnegan
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 70%
- in 31 to 60 days: 26%
- in 61 days or more: 4%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 14%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
"Hutchison 3G UK Limited's (Three UK) standard payment terms offered to suppliers during the Reporting Period fall into two principle categories: a) Purchase Order terms and conditions: Three UK’s purchase order terms and conditions provide that the charges shall be due at the end of the month following the month in which the relevant Products are Accepted or the Services are performed in accordance with the specification and any conditions of purchase set out in the relevant Purchase Order and subject to receipt by Three UK’s of a correctly presented invoice; or b) Long form contractual agreement for the supply of goods and/or services: payment terms are considered on a case by case basis. Subject to the commercial requirements of the particular contract and negotiation with the relevant supplier, Three UK’s standard contracting terms and payment practices provide that Three UK shall pay for the relevant goods or services within 30 days from receipt of a correctly presented invoice. Three UK reserves its position to require a greater number of payment days if necessary to fulfil Three’s commercial requirements for a particular arrangement.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
90 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
In case of a dispute suppliers should initially contact our representative who originally requested the goods or services be provided. In addition, Three UK’s Accounts Payable team can be contacted who will aid investigation of the issue and support resolution (email DLScanning@three.co.uk). Any ongoing disputes shall be conducted and resolved in accordance with the relevant contract.
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, 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