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BURO HAPPOLD LIMITED

Company number: 02049511

Reporting period:
1 May 2018 to 30 October 2018

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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 James Bruce

Payment statistics

Average time taken to pay invoices: 33 days

Invoices paid:

• within 30 days: 58%
• in 31 to 60 days: 36%
• in 61 days or more: 5%

Invoices due but not paid within agreed terms: 70 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

90 days

Standard payment terms

Under standard contractual terms we commit to the payment of all undisputed sums properly due to third party suppliers within 30 days of receipt of a valid invoice. A small number of suppliers have standard terms that are 45, 60 or 90 days.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

90 days

Not applicable.

Any other information about payment terms

Not applicable.

Dispute resolution process

Dispute Resolution Process
We will attempt to resolve in the first instance with negotiations between the authorised representatives of each of the parties. Both parties should continue to perform their relevant obligations, whilst working together to resolve the dispute.

The authorised representative will be the supplier’s main contact with us for these purchases (typically the person who ordered the goods or services and who has been named on the invoice).

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