HARRON HOMES LIMITED

Company number: 03012678

Reporting period:
1 January 2018 to 30 June 2018

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This report was filed on 6 September 2018

and approved by Paul Harrison

Payment statistics

Average time taken to pay invoices: 43 days

Invoices paid:

• within 30 days: 24%
• in 31 to 60 days: 63%
• in 61 days or more: 13%

Invoices due but not paid within agreed terms: 42%

Payment terms

Shortest standard payment periods

5 days

Longest standard payment period

67 days

Standard payment terms

Payments are due within 37 days of the end of the month of the invoice or valuation.

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

The standard payment period was increased from 30 days after the end of the month of the invoice or valuation to 37 days after the end of the month of the invoice or valuation. This change was made to bring documented contractual terms and conditions into line with what had already, for some time, been our established actual practice.

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

67 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Any disputes are to be raised with the Commercial Director of the regional operating business to which the contract relates.

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