HESTVIEW LIMITED
Company number: 01100741
Reporting period:
1 January 2018 to 30 June 2018
Report filed on:
1 August 2018
Approved by:
Mr Ian Proctor
Payment statistics
Average time taken to pay invoices: 55 days
Invoices paid:
- within 30 days: 17%
- in 31 to 60 days: 57%
- in 61 days or more: 26%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 62%
Payment terms
Shortest standard payment periods
45 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard company payment terms are 45 days from date of invoice, as outlined within our T&C's which are issued at both on boarding stage and detailed on all physical purchase orders at time of issue.
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
45 days
No further comment provided
Any other information about payment terms
All invoices must have a valid PON number to process against. This should be provided to the supplier prior to goods/services being provided or carried out. In any instance this is not provided, this could result in a payment delay. Hestview Ltd facilitate regular payment runs, paying all approved and due invoices in a timely manner.
Dispute resolution process
Hestview Limited seek to avoid any disputes or complaints, resolving any in a timely manner. This involves working directly with both internal and external stakeholders to identify and address any issues, resolving quickly and identifying timely solutions.
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