Published reports

HITACHI CONSTRUCTION MACHINERY (UK) LIMITED

Company number: 01082975

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

Reporting period:

1 April 2022 to 30 September 2022

Report filed on:

20 January 2023

Approved by:

Andrew Shield

Payment statistics

Average time taken to pay invoices: 32 days

Invoices paid:

  • within 30 days: 56%
  • in 31 to 60 days: 33%
  • in 61 days or more: 11%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 52%

Payment terms

Shortest standard payment periods

0 days

Longest standard payment period

60 days

Standard payment terms

30 DAYS NET

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

No

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

High value frequent purchases like raw materials.

Any other information about payment terms

None

Dispute resolution process

Fist contact is purchase ledger who will seek to resolve the dispute within 48hrs Second contact is the Accounts manager for escalation who will resolve within 24hrs

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 Fair 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