H.TEMPEST LIMITED
Company number: 00374510
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
1 August 2018
Approved by:
Bryan Buck
Payment statistics
Average time taken to pay invoices: 11 days
Invoices paid:
- within 30 days: 77%
- in 31 to 60 days: 20%
- in 61 days or more: 3%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 17%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
H Tempest Ltd negotiates and agrees payment terms with suppliers as necessary. Our general terms are to settle all valid invoices within 30 days of invoice date although this can be dependent upon the nature of the goods or services being supplied.
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
60 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Any disagreements with amounts invoiced by suppliers will be raised by the individual responsible for the expenditure. Complaints by suppliers should be directed in the first instance to the individual responsible for the expenditure or their head of department. Should the matter remain unresolved this will then be escalated to a senior manager or 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