HARNBURY HOLDINGS LTD
Company number: 02702491
Reporting period:
1 April 2021 to 30 September 2021
Report filed on:
27 October 2021
Approved by:
Marcello Distefano
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 19%
- in 31 to 60 days: 50%
- in 61 days or more: 31%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
85 days
Standard payment terms
Standard terms vary by supplier, between 30 days and 85 days, no later than month end plus 54 days from date of invoice. The terms are varied, dependant on supplier and are agreed in writing by both parties prior to commencement of trading.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
85 days
Maximum contractual payment terms of 85 days apply to specific suppliers whereby written agreements apply.
Any other information about payment terms
No further comment provided
Dispute resolution process
The Accounts Payable team can be contacted by phone and have a designated email address which are both monitored by the team Monday - Friday. Acknowledgment of emails is sent within 2 working days and queries are aimed to be resolved as quickly as possible. Invoices are placed on hold whilst in dispute and all invoices in dispute are reviewed at month end. If dispute not resolved satisfactorily, escalations can be made to senior management.
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 Fair 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