HELLMANN WORLDWIDE LOGISTICS LIMITED
Company number: 01108485
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
31 July 2018
Approved by:
Andrew Connor
Payment statistics
Average time taken to pay invoices: 49 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 46%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 29%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Our terms vary depending upon which mode of transport is the paying party. CLC 30 days from end of month. Road freight 45 days from end of month. Airfreight CASS exports 25th Month 1 to 25th Month 2 paid on 1st of month 3. Airfreight CASS imports 15th Month 1 to 15th Month 2 paid around 16th of Month 3. Ocean 30 days from date of invoice (this is sometimes from date of sailing).
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Price related disputes are deal with at operational level. Whoever orders the service and agreed the price would be responsible for liaising with the supplier should the invoice amount not match our quoted price. Complaints regarding late payment should be taken up with the Financial Accounts Manager who would reply within 48hours.
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