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HARWORTH ESTATES INVESTMENTS LIMITED

Company number: 07532134

Reporting period:
1 January 2024 to 30 June 2024

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

This report was filed on 25 July 2024

and approved by Kitty Patmore

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 66%
• in 31 to 60 days: 32%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 2 %

Payment terms

Shortest standard payment period

14 days

Longest standard payment period

60 days

Standard payment terms

Standard terms for the majority of contracts are 'end of month plus 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

Harworth Estates Investments Ltd actively seeks to resolve disputes by discussing them with relevant suppliers, typically involving members of accounts payable and credit control departments and/or the commercial teams and/or members of management. However, where it is not possible to reach an agreement a number of potential disputes resolution methods may be used.

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