C.P. HART & SONS LIMITED
Company number: 00889832
Reporting period:
31 December 2017 to 30 June 2018
Report filed on:
30 July 2018
Approved by:
Angela Cale
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 67%
- in 31 to 60 days: 30%
- in 61 days or more: 3%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 3%
Payment terms
Shortest standard payment periods
7 days
Longest standard payment period
63 days
Standard payment terms
The business standard payment terms are end of the following month and payment is made to be in supplier accounts by the 10th day of the month. The standard payment period is therefore 55 days
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
63 days
The business likes to build good relationships with its suppliers and payment terms are agreed with each supplier at the time of commencing trade with the supplier. As such many different payment terms are agreed and range from 7 days date of invoice to 63 days date of invoice. Usually shorter payment terms are agreed with settlement discounts being applicable and these are taken by the business. The maximum payment period is 63 days.
Any other information about payment terms
The business likes to build good relationships with its suppliers and payment terms are agreed with each supplier at the time of commencing trade with the supplier. As such many different payment terms are agreed and range from 7 days date of invoice to 63 days date of invoice. Usually shorter payment terms are agreed with settlement discounts being applicable and these are taken by the business. The maximum payment period is 63 days.
Dispute resolution process
All invoice disputes are dealt with in the first place through our purchase ledger team. Who will then escalate this to the necessary people within the business. Issues are targetted to be dealt with within 48 hours.
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.
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