HOWDEN UK GROUP LIMITED
Company number: 00725875
Reporting period:
1 April 2018
to 30 September 2018
This report was filed on 24 October 2018
and approved by Serge Robert Thieriet
Payment statistics
Average time taken to pay invoices: 19 days
Invoices paid:
- within 30 days: 41%
- in 31 to 60 days: 17%
- in 61 days or more: 42%
Invoices due but not paid within agreed terms: 39 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
Payment terms are agreed with
suppliers as part of contract
negotiations. The most commonly
used terms are 30 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Any other information about payment terms
N/A
Dispute resolution process
Hyperion has a dedicated Finance
Operations Team which is reachable
by phone and email. Suppliers with
invoice disputes contact this team
and if the team is not able to resolve
they escalate the issue to the
Finance Operations Manager. The
Finance Operations Team work with
the supplier to resolve promptly.
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