BETA This is a new service – your feedback will help us to improve it.

HOLLAND & BARRETT RETAIL LIMITED

Company number: 02758955

Reporting period:
1 October 2017 to 31 March 2018


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 4 October 2018

and approved by Christian Keen

Payment statistics

Average time taken to pay invoices: 68 days

Invoices paid:

Invoices due but not paid within agreed terms: 60 %

Payment terms

Standard payment period for qualifying contracts

90 days

Standard payment terms

90 Days from invoice date

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

No

Maximum contractual payment period agreed

90 days

Any other information about payment terms

The company experienced system issues during the period that delayed supplier payments. Significant investment has been made to improve payment systems and processes during the period

Dispute resolution process

Purchase orders quote buyer/contact information. All queries are managed in accordance with internal processes and dealt with as quickly as possible.

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

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