THG NUTRITION LIMITED
Company number: 13400484
Reporting period:
1 July 2024 to 31 December 2024
Report filed on:
11 March 2025
Approved by:
Damian Sanders
Payment statistics
Average time taken to pay invoices: 109 days
Invoices paid:
- within 30 days: 26%
- in 31 to 60 days: 11%
- in 61 days or more: 63%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 43%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
90 days
Standard payment terms
Outside of suppliers utilising supply chain finance, THG Nutrition's standard payment terms are: Stock: Typically the end of the month after calculating the invoice date + 90 days. Non-stock: Typically the end of the month after calculating the invoice date + 90 days. The Company works flexibly with suppliers to ensure agreed terms are acceptable for both parties.
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
160 days
Supply chain finance payment terms of 160 EOM (end of month).
Any other information about payment terms
No further comment provided
Dispute resolution process
Supplier queries and disputes are to be sent to the Accounts Payable department at the following email address: Stock & non stock invoices - APInvoices.Nutrition@thehutgroup.com, Stock suppliers have allocated representatives who will liaise internally with the relevant buying team and/or warehouse in order to resolve the query. Non-stock suppliers’ queries and disputes are dealt with by the Accounts Payable team. Emails are usually responded to within three working days. If disputes cannot be resolved by the Accounts Payable department they are escalated within the business as appropriate.
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.
Yes
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?
Yes
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
Yes