Score of 93.8/100 qualifies for PaymentCheck Certification
| 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 Apr 2024 - 30 Sept 2024 | 13 Dec 2024 | 18 | 88% | 10% | 2% | 0% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 14 | 95% | 4% | 1% | 0% |
| 01 Oct 2022 - 31 Mar 2023 | 20 Apr 2023 | 23 | 86% | 13% | 0% | 2% |
| 01 Apr 2022 - 30 Sept 2022 | 20 Oct 2022 | 20 | 91% | 8% | 0% | 0% |
| 01 Sept 2021 - 31 Mar 2022 | 23 May 2022 | 22 | 81% | 16% | 3% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 18 Oct 2021 | 18 | 87% | 13% | 0% | 4% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Jun 2021 | 22 | 81% | 19% | 0% | 0% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Jun 2021 | 19 | 88% | 12% | 0% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Jun 2021 | 14 | 96% | 3% | 1% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 07 Oct 2019 | 16 | 91% | 9% | 0% | 1% |
| 01 Oct 2018 - 31 Mar 2019 | 07 Oct 2019 | 14 | 94% | 6% | 0% | 1% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 13 | 95% | 5% | 0% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company follow the standard payment terms of each supplier. They range from 7 to 60 days, with the majority being 30 days.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
We take our relationship with suppliers seriously work to build honest, sustainable relationships. We support our suppliers by having a dedicated account contact this includes a phone number so they can talk directly. Normally disputes are resolved very quickly between the account contact and the supplier. Any escalations are raised to the Finance Director to investigate 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
Hughes Electrical Limited trades as Hughes, an East Anglian electrical retailer founded in 1921 and based in Lowestoft. It sells kitchen and small appliances, televisions, audio equipment and home and outdoor products through 19 stores and 3 service centres, alongside an online shop. The company offers delivery, installation, click and collect and repair services, plus appliance rental and finance options including buy now, pay later. A commercial arm, Hughes Trade, supplies domestic and commercial appliances to businesses. The company also runs a recycling scheme for old appliances and a rewards programme offering exclusive discounts. Structured data associates the brand with an entity called Hughes TV and Audio Limited.
Generated from the company's website and Companies House records. Sources: hughes.co.uk · hughes.co.uk