HIGGINS HOMES PLC
Company number: 00843093
Reporting period:
1 February 2022 to
31 July 2022
This report was filed on 12 April 2023
and approved by Mark Francis
Payment statistics
Average time taken to pay invoices: 7 days
Invoices paid:
- within 30 days: 95%
- in 31 to 60 days: 3%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 27%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
60 days
Standard payment terms
Standard invoices are settled the month end following the invoice month. Subcontractors are paid within the terms of the order.
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
NA
Any other information about payment terms
NA
Dispute resolution process
Invoice queries are referred to the bought ledger department for investigation. Subcontract queries are handled by the commercial team.
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