HAYSMACINTYRE LLP
Company number: OC423459
Reporting period:
1 April 2022 to 30 September 2022
Report filed on:
27 October 2022
Approved by:
Anastasia Frangos
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 64%
- in 31 to 60 days: 27%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 51%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Where a valid VAT invoice has been received and is not disputed, Haysmacintyre LLP will aim to pay it in accordance with the terms of that invoice or other contractual arrangement. Where no due date is stated on an invoice, and in the absence of any other agreement, a due date of 30 days from the date of the invoice is assumed. Authorised invoices will be paid in one of the payment runs, which usually occur in the middle of the month and on the last Friday of the month.
Were there any changes to the standard payment terms in the reporting period?
No
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
No further comment provided
Dispute resolution process
We endeavour to resolve any dispute in a fair and prompt manner. If suppliers are unable to reach an agreement with their Haysmacintyre contact, they should contact our dedicated accounts payable team, who will involve other senior Haysmacintyre people as needed.
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 Fair 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