HAYNES BROTHERS,LIMITED

PaymentCheck Score 2024
73Fair
4.8vs last year
#2691 in UK
#17 in Lifestyle And Entertainment
#447 in South East

Company Information

Company Number
00048511
Registered Address
23 Ashford Road, Maidstone, Kent, ME14 5DQ
Status
Active
Employee Count
335
Turnover
£123,805,000
EBITDA
£1,761,000

Additional Details

Company Type
Private limited Company
Incorporated On
26 June 1896
Nature of Business
45111 - Sale of new cars and light motor vehicles
Industries
Lifestyle And Entertainment, Manufacturing, Road Travel
Region
South East

Time to Pay

Average Time to Pay
34 days
Shortest Period:30 days
Longest Period:0 days
Max Contractual:30 days

Payment Timeline

Within 30 Days
47%
31-60 Days
42%
After 60 Days
11%
Not Paid Within Terms2%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-07-29
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2024 - 31 Dec 202430 Jan 20253058%35%7%2%
01 Jan 2024 - 30 Jun 202429 Jul 20243447%42%11%2%
01 Jul 2023 - 31 Dec 202331 Jan 20243162%26%12%2%
01 Jan 2023 - 30 Jun 202331 Jul 20232964%25%11%2%
01 Jul 2022 - 31 Dec 202224 Jan 20232964%28%8%2%
01 Jul 2021 - 31 Dec 202128 Jan 20223746%36%18%2%
01 Jul 2020 - 31 Dec 202029 Jan 20213550%35%15%2%
01 Jan 2020 - 30 Jun 202030 Jul 20203353%34%13%2%
01 Jul 2019 - 31 Dec 201931 Jan 20203352%34%14%2%
01 Jan 2018 - 30 Jun 201831 Jul 20183258%36%6%2%

Payment Time Trends

Payment Distribution Trends

Invoice Payment Practices

This information is as reported by the business, and responses are in their own words.

Payment Terms

Standard payment terms

Standard payment terms are 30 days from the end of the following month, from the date of the invoice. However, the Company also has a mid-month payment process, and raises daily payments if and when required.

Were there any changes to the standard payment terms in the reporting period?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

30

Dispute Resolution Process

All disputes would initially be raised with the Departmental Manager to whom the original invoice was supplied. If unresolved, the dispute would be directed to the Accounts Manager, and ultimately to the Company Secretary.

Other Payment Information

Has this business signed up to a code of conduct or standards on payment practices?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

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.

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.

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?

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No information available

Company Summary

Haynes Brothers, Limited is a British company that has been in operation since 1921. The company is known for its commitment to sustainability and providing high-quality home furnishing products and services.

Their sustainability program includes initiatives such as using eco-friendly materials in their products, reducing carbon emissions, and promoting recycling and waste reduction. They also prioritize working with suppliers who share their values and have ethical and sustainable practices.

Haynes Brothers offers a wide range of products, including furniture, mattresses, appliances, and electronics. They also provide interior design services and offer financing options for customers.

The key people at Haynes Brothers include the managing director, Mr. John Haynes, who has been with the company for over 30 years. The company also has a team of experienced designers and sales staff who are dedicated to providing excellent customer service.

Their website address is www.haynesfurniture.com, where customers can browse and purchase products, as well as learn more about the company's sustainability efforts. Haynes Brothers' registered office address is in London, at 22-26 High Street, Harlesden, NW10 4LX.

In summary, Haynes Brothers, Limited is a well-established British company known for its commitment to sustainability and providing high-quality home furnishing products and services. With a strong leadership team and a focus on ethical and sustainable practices, they continue to be a trusted and respected brand in the industry.

Financial Metrics

Cash
£2,825
Net Worth
£13,333,311
Total Current Assets
£34,531,854
Total Current Liabilities
£32,070,092

Company Location