Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Howarth Timber & Building Supplies exhibits a consistent trend of extended payment times, with an average of 62 days significantly exceeding standard 30-day terms. A dominant 70% of payments fall within the 31-60 day window, indicating a firmly established payment cycle in the two-month range. This pattern confirms a regular deviation from prompt payment, with nearly half (48%) of all payments recorded as late.
Payment reliability is relatively predictable around the 60-day mark, given that 70% of invoices are paid between 31-60 days and 17% exceed 60 days. While 48% of payments are considered late, the concentrated distribution suggests these extended payment terms are a consistent operational practice rather than indicative of high payment volatility. The primary risk factor for suppliers is the certainty of delayed cash flow beyond standard terms, not erratic payment behavior.
Suppliers should anticipate an average payment cycle of 62 days with Howarth Timber & Building Supplies, consistently extending beyond standard terms. It is crucial to factor these longer payment durations into financial planning, including pricing strategies and cash flow forecasts. To mitigate cash flow impact, consider negotiating specific payment milestones or applying stricter credit limits appropriate for these extended terms.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Oct 2023 - 31 Mar 2024 | 07 May 2024 | 70 | 17% | 67% | 16% | 45% |
| 01 Apr 2023 - 30 Sept 2023 | 07 May 2024 | 50 | 16% | 72% | 12% | 38% |
| 01 Oct 2022 - 31 Mar 2023 | 07 May 2024 | 64 | 18% | 66% | 16% | 47% |
| 01 Apr 2022 - 30 Sept 2022 | 07 May 2024 | 55 | 15% | 70% | 15% | 36% |
| 01 Oct 2021 - 31 Mar 2022 | 20 Jul 2022 | 57 | 16% | 65% | 19% | 47% |
| 01 Apr 2021 - 30 Sept 2021 | 20 Jul 2022 | 62 | 13% | 70% | 17% | 48% |
| 01 Oct 2020 - 31 Mar 2021 | 13 Sept 2021 | 73 | 13% | 66% | 21% | 52% |
| 01 Apr 2020 - 30 Sept 2020 | 13 Sept 2021 | 70 | 13% | 66% | 21% | 55% |
| 01 Oct 2019 - 31 Mar 2020 | 13 Sept 2021 | 65 | 15% | 67% | 18% | 51% |
| 01 Apr 2019 - 30 Sept 2019 | 20 Nov 2019 | 61 | 11% | 71% | 18% | 57% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 42 | 20% | 52% | 28% | 21% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 46 | 11% | 74% | 15% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Net Monthly - Due by the end of the month following the month of invoice
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
60
Item is placed on hold in the accounting software and passed to necessary contact to query with supplier and resolve
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.
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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.
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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.
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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?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Howarth Timber & Building Supplies is a timber merchant and builders' merchant trading from a nationwide network of branches, many with showrooms. It sells timber, sheet materials, plasterboard, insulation boards, plywood, chipboard flooring and garden sleepers, alongside landscaping, plumbing and joinery products, serving both trade professionals and retail customers. Customers can order online for delivery or collect from local branches, and trade account holders can view stock, buy at personal pricing and access order history. The company states its timber is sourced from responsibly managed forests and describes itself as family-run, with over 180 years' trading experience. It operates as a merchant and retailer rather than a manufacturer of the timber products itself.
Generated from the company's website and Companies House records. Sources: howarthtimber.co.uk