HILLARYS BLINDS LIMITED
Company number: 01196432
Reporting period:
1 January 2018
to 30 June 2018
This report was filed on 30 July 2018
and approved by Andy Thomas
Payment statistics
Average time taken to pay invoices: 5 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 4%
- in 61 days or more: 1%
Invoices due but not paid within agreed terms: 5 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
90 days
Standard payment terms
Hillarys Blinds 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
Hillarys Blinds 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.
Disputed items are identified by the Accounts Payable or Procurement department. 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 Hillarys Blinds 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