BETA This is a new service – your feedback will help us to improve it.

HARVEY & THOMPSON LIMITED

Company number: 02636684

Reporting period:
1 July 2021 to 31 December 2021

---

This information is as reported by the business, and responses are in their own words.

This report was filed on 6 September 2022

and approved by Tatiana Hagan

Payment statistics

Average time taken to pay invoices: 27 days

Invoices paid:

• within 30 days: 76%
• in 31 to 60 days: 21%
• in 61 days or more: 3%

Invoices due but not paid within agreed terms: 15 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

30 days

Standard payment terms

We do not operate standard payment of terms. Payment terms and payment methods are agreed by individual negotiation with each supplier. Over 75% of payments were made within 30 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

30 days

Any other information about payment terms

N/A

Dispute resolution process

All disputes relating to invoice payment should be referred to the accounts payable team accountspayable@handt.co.uk. Disputes should reference invoice number and values as this will aid the investigation process. The accounts payable team will liaise internally with the relevant department to resolve any outstanding issues and provide progress updates.

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.

Yes

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