HAYGROVE LIMITED
Company number: 03266992
Reporting period:
1 July 2022 to 31 December 2022
Report filed on:
25 January 2023
Approved by:
Peter Scrimshaw
Payment statistics
Average time taken to pay invoices: 42 days
Invoices paid:
- within 30 days: 28%
- in 31 to 60 days: 57%
- in 61 days or more: 15%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 76%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
There are several standard payment terms which have a range of contract lengths due to the nature of the business and the types of products and services purchased. The payment terms can vary from payment on delivery to 90 days.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Where disputes arise these are normally resolved through consultation. Where there is a contract in place, disputes are resolved by following the agreednegotiation arbitration process.
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