GOV.UK
HGF LIMITED
Company number: 08998652
Reporting period:
1 May 2018
to 31 October 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 30 November 2018
and approved by Tim Wright
Payment statistics
Average time taken to pay invoices: 53 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 41%
- in 61 days or more: 33%
Invoices due but not paid within agreed terms: 13 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Standard payment terms vary between 30 days, 60 days and 90 days.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
The maximum contractual payment period is 90 days, although we have agreements with Foreign Associates to pay when paid which can result in a payment period longer than 90 days
Any other information about payment terms
N/A
Dispute resolution process
In the first instance, a dispute is dealt with by the Purchase ledger staff. If the query is not then resolved, it is then passed on to the Finance Director.
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