HOTCHKISS LTD
Company Information
- Company Number
- 00900611
- Registered Address
- 7 Marshall Road, Hampden Park Industrial Estate, Eastbourne, East Sussex, England, BN22 9AX
- Status
- Active
- Employee Count
- 95
- Turnover
- £22,809,000
- EBITDA
- £2,340,000
Additional Details
- Website
- https://www.hotchkiss.co.uk/
- Company Type
- Private limited Company
- Incorporated On
- 13 March 1967
- Nature of Business
- 43220 - Plumbing, heat and air-conditioning installation
- Industries
- Property, Infrastructure And Construction, Property-related Goods And Services, Raw Materials And Intermediate Goods, Supply Chain, Manufacturing And Commerce Models
- Region
- South East
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
HOTCHKISS LTD exhibits a slow payment trend with an average payment time of 56 days, significantly exceeding standard 30-day terms. A substantial 43% of payments are made over 60 days, indicating a consistent pattern of extended payment cycles rather than isolated incidents. This trajectory suggests that suppliers should anticipate lengthy payment timelines.
Volatility Analysis
The company's payment profile indicates moderate to high volatility, with nearly half of all payments (43%) extending beyond 60 days. The 8% late payment rate, coupled with only 27% paying within 30 days, suggests low reliability and predictability in receiving timely payments. Suppliers face a considerable risk of cash flow disruption due to inconsistent payment behavior.
Summary Analysis
Suppliers should approach HOTCHKISS LTD with caution, anticipating an average payment period of nearly two months and a significant risk of even longer delays. Key decision factors include the capacity to absorb extended payment terms and potential cash flow impacts from late payments. Mitigate risk by negotiating shorter payment terms, requesting upfront deposits for larger orders, or implementing stricter credit limits.
Performance Reports History
| 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 2019 - 30 Sept 2019 | 22 Nov 2019 | 56 | 27% | 30% | 43% | 8% |
| 01 Oct 2018 - 31 Mar 2019 | 01 May 2019 | 63 | 27% | 21% | 53% | 3% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
HDL Standard depends on Type of order/contract issued: 14 Days for Labour invoices 30 Days for Standard non contract suppliers 45 Days to 60 Days for contracts works where 60 Days is the most commonly used 90 Days for main stock suppliers
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
90
Dispute Resolution Process
Hotchkiss Ltd will actively resolve disputes as quickly as possible. The Purchase Ledger staff act as a liaison between the contracts teams signing off the invoices and the suppliers credit controller. Where disputes are over incorrectly charged amounts on invoices, the invoice is held in query and our purchase ledger staff will review progress and follow up with reminders regularly either internally or externally. If resolution is not achieved, there is an escalation process in place which will raise the issue to a more senior member of staff.
Other Payment Information
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
Company Summary
HOTCHKISS LTD operates as an active private limited company within the UK business landscape. This corporate structure allows it to conduct commercial operations as a distinct legal entity.
The company was incorporated on 13 March 1967 and maintains an active status. Its registered office is situated at 7 Marshall Road, Hampden Park Industrial Estate, Eastbourne, East Sussex, England, BN22 9AX, placing it within the South East region of the UK.
As a private limited company, entities of this organisational type in the UK market typically provide a wide and diverse range of services or products. These can span various sectors, from manufacturing and wholesale to retail, professional services, and technological development.
