| 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 Jul 2023 - 31 Dec 2023 | 22 Jan 2024 | 48 | 34% | 34% | 32% | 15% |
| 01 Jan 2023 - 30 Jun 2023 | 12 Jul 2023 | 48 | 36% | 30% | 34% | 17% |
| 01 Jul 2022 - 31 Dec 2022 | 24 Jan 2023 | 48 | 37% | 30% | 33% | 17% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 50 | 33% | 31% | 36% | 18% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Mar 2022 | 52 | 31% | 30% | 39% | 18% |
| 01 Jan 2021 - 30 Jun 2021 | 16 Aug 2021 | 51 | 33% | 29% | 38% | 19% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Feb 2021 | 50 | 34% | 33% | 33% | 20% |
| 01 Jun 2020 - 30 Jun 2020 | 30 Jul 2020 | 58 | 21% | 34% | 45% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 10 Feb 2020 | 53 | 22% | 39% | 39% | 16% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 53 | 24% | 39% | 37% | 15% |
| 01 Jul 2018 - 31 Dec 2018 | 11 Jul 2019 | 53 | 23% | 38% | 39% | 14% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 54 | 23% | 38% | 39% | 17% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
A singular standard payment term does not exist across our supplier base due to the long-standing relationships that we have with our suppliers. The majority of terms are 10th of second month following date of invoice (being 40 to 70 days) or 10th of third month following date of invoice (being 70 to 100 days). In most cases settlement discount is included within the terms. Any amendments to such terms are negotiated and agreed by both parties. For service provider suppliers (i.e. excluding stock for resale suppliers) standard payment terms are end of month following date of invoice (being 30 to 60 days).
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
130
• All invoices are registered onto the system on receipt and subsequently authorised at the earliest possible date. • If for any reason there is a discrepancy between the invoice value and what our internal purchase order system is expecting the invoice is suspended pending confirmation of the query to determine if this is a supplier or internal error. • If it is deemed that the query is due to supplier error, a linked debit note is raised on our system and emailed to the supplier informing them of the query. • Once the credit note is received from the supplier it is authorised onto our system automatically authorising the invoice previously held under query. • The authorised invoice will then be paid in the next payment run to the supplier.
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
Headlam Group PLC is the parent company of a group operating in the UK flooring sector. Company records classify its own activity as head office functions, reflecting its role as the holding entity for operating subsidiaries. Its website describes reaching customers through vast product choice, in-depth flooring expertise and nationwide service, indicating the group distributes flooring and related products to trade customers via a network including trade counters. The site also references recent corporate developments, including the sale of Netherlands businesses and an intention to appoint administrators. As a public company, it maintains investor relations, governance and regulatory news sections, consistent with its function as the listed parent overseeing the group's flooring distribution operations rather than trading directly itself.
Generated from the company's website and Companies House records. Sources: headlam.com · headlam.com