HIGGINS GROUP PLC
Company number: 02348986
Reporting period:
1 February 2023 to
31 July 2023
!
This information is as reported by the business, and responses are in their own words.
This report was filed on 20 September 2023
and approved by Mark Francis
Payment statistics
Average time taken to pay invoices:
11 days
Invoices paid:
Invoices due but not paid within agreed terms:
65%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Standard invoices are settled the month end following the invoice month.
Were there any changes to the standard payment terms in the reporting
period?
Answer not provided
Were suppliers notified or consulted about these changes before they
were made?
N/A
Maximum contractual payment period agreed
60 days
NA
Any other information about payment terms
NA
Dispute resolution process
Invoice queries are handled by the bought ledger team who will investigate the disputed item.
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