HALL HUNTER PARTNERSHIP (FARMING)
Company number: 04294824
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Siva Kumar Krishnan
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 17%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 7 %
Payment terms
Standard payment period for qualifying contracts
0 days
Standard payment terms
Separate credit terms are agreed with every major supplier. All other goods and services are transacted on a 30 day payment term basis.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
180 days
Any other information about payment terms
N/A
Dispute resolution process
This is based on a thorough review of all relevant documentation evidencing the transaction, sharing such information with the Supplier and, in the case of disagreement, negotiating with the supplier to arrive at a mutually amicable solution. Historically, the business has had very few disputes with suppliers, and wherever such circumstances existed, these have been swiftly resolved.
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