HUTCHISON 3G UK LIMITED

Company number: 03885486

Reporting period:
1 July 2019 to 31 December 2019

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

This report was filed on 30 January 2020

and approved by David Dyson

Payment statistics

Average time taken to pay invoices: 31 days

Invoices paid:

within 30 days: 86%
in 31 to 60 days: 10%
in 61 days or more: 4%

Invoices due but not paid within agreed terms: 8%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

Answer not provided

Standard payment terms

Hutchison 3G UK Limited’s (Three UK) standard payment terms offered to suppliers during the Reporting Period fall into two principle categories: a) Purchase Order terms and conditions: Three UK’s purchase order terms and conditions provide that the charges shall be due at the end of the month following the month in which the relevant Products are Accepted or the Services are performed in accordance with the specification and any conditions of purchase set out in the relevant Purchase Order and subject to receipt by Three UK of a correctly presented invoice; or b) Long form contractual agreement for the supply of goods and/or services: payment terms are considered on a case by case basis. Subject to the commercial requirements of the particular contract and negotiation with the relevant supplier, Three UK’s standard contracting terms and payment practices provide that Three UK shall pay for the relevant goods or services within 30 days from receipt of a correctly presented invoice. Three UK reserves its position to require a greater number of payment days if necessary, to fulfil Three’s commercial requirements for a particular arrangement.

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

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

In case of a dispute suppliers should initially contact our representative who originally requested the goods or services be provided. In addition, Three UK’s Accounts Payable team can be contacted who will aid investigation of the issue and support resolution (email DLScanning@three.co.uk). Any ongoing disputes shall be conducted and resolved in accordance with the relevant contract.

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.

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.

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?