HARRODS LIMITED
Company number: 00030209
Reporting period:
1 August 2021
to 29 January 2022
This report was filed on 13 April 2022
and approved by Michael Ashley Ward
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 61%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 24 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Merchandise 30 days.
Non Merchandise 60 days
Any invoices due will be paid the following Monday in line
with Harrods’ weekly payment run.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
75 days
Any other information about payment terms
N/A
Dispute resolution process
Any queries regarding payment and invoices
should be raised with the Accounts Payable
team. Once resolved, the invoice will be paid in
the next payment run in accordance with
payment terms.
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