HALL & PICKLES 1812 LIMITED

Company number: 03162309

Reporting period:
1 June 2019 to 30 November 2019

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This report was filed on 8 January 2020

and approved by Arnold Hillier

Payment statistics

Average time taken to pay invoices: 56 days

Invoices paid:

• within 30 days: 21%
• in 31 to 60 days: 39%
• in 61 days or more: 40%

Invoices due but not paid within agreed terms: 79%

Payment terms

Shortest standard payment periods

30 days

Longest standard payment period

90 days

Standard payment terms

There is no single standard payment term. Agreed terms are mostly 30 days EOM or 60 days EOM and payments for undisputed invoices are either made on the first payment run following the due date or on specific mutually agreed dates.

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

90 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Queried invoices will be dealt with by Purchase Ledger staff where possible or alternatively will be referred to the relevant department for resolution. Once cleared, invoices will then be paid on the next applicable payment run.

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