HANSGROHE LIMITED
Company number: 02485328
Reporting period:
1 January 2022 to
30 June 2022
This report was filed on 14 July 2022
and approved by Jay Phillips
Payment statistics
Average time taken to pay invoices: 41 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 25%
- in 61 days or more: 21%
Invoices due but not paid within agreed terms: 45%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard payment terms for the majority of suppliers is 30 days. There are some suppliers who are on immediate payment terms and some on 14 days.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Missing invoices - we contact the supplier and request a copy of invoice per email. In case of dispute - we involve the purchaser / person who ordered the goods and resolve the issue with the supplier through purchaser and finance for support. Email correspondence is preferred for references. Invoices are blocked for payment until a credit note is received or dispute is resolved. When an issue/complaint is raised, an accounts payable employee looks into the vendor account and checks the invoices in question. Complicated issues can be escalated to the financial controller and/or finance director.
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, 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