HAMLEYS OF LONDON LIMITED
Company number: 02287862
Reporting period:
1 January 2024
to 30 June 2024
This report was filed on 31 July 2024
and approved by MR.DARSHAN MEHTA
Payment statistics
Average time taken to pay invoices: 47 days
Invoices paid:
- within 30 days: 62%
- in 31 to 60 days: 27%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 18 %
Payment terms
Standard payment period for qualifying contracts
7 days
Standard payment terms
The standard payment terms are 30 days . However variations to these terms do exist based on agreement with certain suppliers
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
N/A
Dispute resolution process
All suppliers have our accounts payable email address to raise any concern. If a supplier have any dispute to resolve the first instance
they will contact the accounts payable team directly. If the dispute is not straight forward to resolve it will be escalated to the more
senior members of the Finance team or the relevant contact within the business. Stock suppliers will normally contact our Buying and
Merchandising team who normally looks after those accounts.
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