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HUNTER DOUGLAS UK RETAIL LIMITED

Company number: 01196432

Reporting period:
1 January 2020 to 30 June 2020

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2021

and approved by Andy Thomas

Payment statistics

Average time taken to pay invoices: 5 days

Invoices paid:

• within 30 days: 96%
• in 31 to 60 days: 3%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 5 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

90 days

Standard payment terms

Hunter Douglas UK Retail Limited does not have standard payment terms; they range from immediate to 90 days. Payment terms are agreed with suppliers as part of contract negotiations. Payment runs are usually on a weekly basis by BACS.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

N/A

Dispute resolution process

Hunter Douglas UK Retail Limited is committed to dealing fairly with all of its supply chain members. Transparency and swift resolution of disputed items are key principles in this process.
The Accounts Payable or Procurement department identifies disputed items. An enquiry is then raised with the supplier stating the disputed items. If the supplier is at fault, credit is provided and the remainder of the invoice is cleared for payment. If Hunter Douglas Retail Limited is at fault the error is cleared internally and the invoice is released for payment.

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