HAWKER SIDDELEY SWITCHGEAR LIMITED
Company number: 00370559
Reporting period:
1 January 2025 to 30 June 2025
Report filed on:
30 July 2025
Approved by:
Stephanie Woodmass
Payment statistics
Average time taken to pay invoices: 61 days
Total value paid:
- within 30 days: £1,097,146 (7%)
- in 31 to 60 days: £6,179,171 (38%)
- in 61 days or more: £9,134,717 (56%)
Invoices paid:
- within 30 days: 13%
- in 31 to 60 days: 39%
- in 61 days or more: 48%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £12,909,289
- payments due in the reporting period which have not been paid within the agreed period: 78%
- not made in the reporting period due to a dispute: 1%
Payment terms
Shortest standard payment periods
60 days
Longest standard payment period
90 days
Standard payment terms
The standard contractual length of time for payment of invoices is 60 days from invoice date. The maximum contractual payment period is 90 days from invoice date.
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
90 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
The supplier is referred back to the purchasing department/individual buyer, via email or telephone. If not resolved, a face to face meeting with the purchasing department will be organised to discuss the issue. Where necessary, disputes will be escalated to senior management. As a last resort, disputes are passed to the legal department for arbitration or legal proceedings.
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