GOV.UK
HARRODS LIMITED
Company number: 00030209
Reporting period:
30 January 2022
to 30 July 2022
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 August 2022
and approved by Timothy Nicholas Blake Parker
Payment statistics
Average time taken to pay invoices: 33 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 56%
- in 61 days or more: 9%
Invoices due but not paid within agreed terms: 30 %
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