WILLIAM HARE LIMITED

Company number: 00399212

Reporting period:
1 January 2020 to 30 June 2020

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This report was filed on 29 July 2020

and approved by Robert Redgate

Payment statistics

Average time taken to pay invoices: 36 days

Invoices paid:

• within 30 days: 55%
• in 31 to 60 days: 24%
• in 61 days or more: 21%

Invoices due but not paid within agreed terms: 16%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

60 days

Standard payment terms

William Hare Ltd has standard payment terms of 60 days from the end of the month of the invoice date. Shorter or longer terms are sometimes agreed dependent on the project requirements.

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

William Hare Limited seeks to resolve disputes quickly. For suppliers this typically involves procurement and accounts payable departments. For sub-contractors the relevant project teams would be involved. If unable to reach a resolution the matter would be escalated to senior management.

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.

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