Ranked in 3 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 | 34 | 43% | 54% | 3% | 1% |
| 01 Apr 2023 - 30 Sept 2023 | 26 Oct 2023 | 7 | 42% | 54% | 4% | 2% |
| 01 Oct 2022 - 31 Mar 2023 | 20 Apr 2023 | 31 | 45% | 53% | 3% | 2% |
| 01 Apr 2022 - 30 Sept 2022 | 20 Oct 2022 | 34 | 41% | 57% | 2% | 1% |
| 01 Sept 2021 - 31 Mar 2022 | 23 May 2022 | 35 | 37% | 60% | 3% | 0% |
| 01 Apr 2021 - 30 Sept 2021 | 18 Oct 2021 | 29 | 40% | 57% | 4% | 0% |
| 01 Oct 2020 - 31 Mar 2021 | 30 Jun 2021 | 34 | 41% | 54% | 5% | 1% |
| 01 Apr 2020 - 30 Sept 2020 | 30 Jun 2021 | 35 | 36% | 60% | 4% | 0% |
| 01 Oct 2019 - 31 Mar 2020 | 30 Jun 2021 | 34 | 42% | 55% | 3% | 0% |
| 01 Apr 2019 - 30 Sept 2019 | 07 Oct 2019 | 29 | 40% | 55% | 5% | 13% |
| 01 Sept 2018 - 31 Mar 2019 | 07 Oct 2019 | 34 | 38% | 58% | 4% | 11% |
| 01 Apr 2018 - 30 Sept 2018 | 30 Oct 2018 | 28 | 44% | 52% | 3% | 12% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company follows the standard payment terms of each supplier. They range from 7 to 90 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
90
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Hughes TV and Audio Limited trades as Hughes, an electrical retailer founded in 1921 and based in Lowestoft, Suffolk. It operates 19 stores and 3 service centres across East Anglia, selling kitchen appliances, TVs, audio equipment, vacuums and small electrical goods, alongside delivery, installation, repair and recycling services. The company also offers appliance rental through Hughes Rental and supplies commercial and domestic appliances to businesses via Hughes Trade, which has previously supplied kitchen appliances to major sporting events. Registered as Hughes TV and Audio Limited, the company is described as a family business now run by its third generation.
Generated from the company's website and Companies House records. Sources: hughes.co.uk · hughes.co.uk