HOMESERVE MEMBERSHIP LIMITED
Company number: 02770612
Reporting period:
1 April 2022 to
30 September 2022
This report was filed on 21 October 2022
and approved by Nick Kasmir
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 55%
- in 31 to 60 days: 12%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 9%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
60 days
Standard payment terms
Homeserve offer a range of payment terms from immediate to 60 days EOM to their supply chain, valid sub-contractors invoices are paid within 28 days. Payment terms are agreed at point of contracting with a new supplier. Any changes to supplier terms are agreed with the supplier and processed through an internal approval system before updating the suppliers master data record.
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
Invoices which do not automatically match to a purchase order for payment are sent to the requisitioner to resolve with supplier. A dedicated email address setup for suppliers to enquire of the status of their payments
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