HARRON HOMES LIMITED
Company number: 03012678
1 January 2018
to 30 June 2018
This report was filed on 6 September 2018
and approved by Paul Harrison
Average time taken to pay invoices: 43 days
- 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 %
Shortest standard payment period
Longest standard payment period
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?
Yes – 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?
Maximum contractual payment period agreed
Any other information about payment terms
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.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?