PERSONNEL HYGIENE SERVICES LIMITED

Trend Analysis

The average payment time for PERSONNEL HYGIENE SERVICES LIMITED is 41 days, consistently exceeding standard 30-day terms. A significant 83% of payments are settled within 60 days, indicating a predictable trend of payments extending into the 31-60 day bracket.

Volatility Analysis

Despite 17% of payments extending beyond 60 days, the "Late: 0%" data suggests no formal defaults, indicating moderate reliability rather than high volatility. This distribution points to a predictable tendency for payments to fall into the 30-60 day range, minimizing unexpected payment spikes.

Summary Analysis

Suppliers should anticipate an average payment term of 41 days, with a majority settling between 31-60 days. It is advisable to factor this extended payment cycle into cash flow planning or consider offering 45-60 day terms. While credit risk appears low due to no officially late payments, managing working capital expectations is crucial.

Payment Terms

Dispute Resolution Process

PHS has a dedicated accounts payable team that manages the processing and payment of supplier invoices and offers support with query resolution. The team can be contacted during normal office hours, Monday to Friday, via e-mail (PurchaseLedger@phs.co.uk) or phone (0330 588 4609). Suppliers are asked to send invoices to the email address of the team and from there invoices are processed daily into the approval system. If suppliers are unable to email invoices, then they should send via post addressed to the accounts payable team at the company's head office. Where applicable, suppliers are asked to quote purchase order numbers on invoices to facilitate automatic matching and approval. Where no purchase order number is provided, there is a discrepancy between the purchase order and invoice or the supply falls outside the scope of the PHS automated purchase ordering system then invoices are input to our workflow approval system and routed to the relevant buyer normally within one working day of receipt. The buyer is then required to promptly either approve the invoice or contact the supplier in the event of a query. Once approved (either through automatic PO matching or through the workflow tool), an invoice is updated to the supplier account on the purchase ledger and will then generally be paid on the appropriate payment run to pay the supplier in line with agreed terms. Supplier runs are processed weekly and in some circumstances, we will make faster payments to suppliers.

Other Payment Information