The average time taken for HUSQVARNA UK LIMITED to pay invoices has fluctuated over the past three periods, with a slight increase in 2020-01-01 to 2020-06-30 compared to the previous two periods. The percentage of invoices paid within 30 days has also decreased, while the percentage of invoices paid later than 60 days has increased.
The volatility in the average time taken to pay invoices is reflected in the changes in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. These figures have both fluctuated significantly over the past three periods.
The trend for HUSQVARNA UK LIMITED over the past three periods shows that the company has struggled to pay invoices within 30 days, with the percentage of invoices paid within 30 days decreasing from 30% in 2018-07-01 to 2018-12-31 to 11% in 2020-01-01 to 2020-06-30. The company has also seen an increase in the percentage of invoices paid later than 60 days, reaching a high of 60% in 2020-01-01 to 2020-06-30. This trend suggests that HUSQVARNA UK LIMITED may be facing financial challenges.
| 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 Jan 2022 - 30 Jun 2022 | 22 Jul 2022 | 62 | 14% | 50% | 36% | 3% |
| 01 Jan 2020 - 30 Jun 2020 | 14 Jul 2020 | 67 | 11% | 29% | 60% | 23% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 45 | 37% | 39% | 24% | 32% |
| 01 Jan 2019 - 30 Jun 2019 | 09 Jul 2019 | 59 | 18% | 38% | 44% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 49 | 30% | 39% | 31% | 46% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 58 | 16% | 52% | 32% | 45% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Husqvarna UK Ltd's standard payment terms are 60 days, there are some exceptions to this standard based on business need
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
Husqvarna UK Ltd is committed to paying our suppliers in a prompt and professional manner. We investigate any invoice queries or disputes in a timely and fair manner, with detailed investigation where necessary. We maintain open lines of communication with our suppliers throughout any dispute.
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
Husqvarna UK Limited is the UK operating company for Husqvarna's forest and garden equipment business, based at Aycliffe Industrial Park in County Durham. Its own site describes it as offering chainsaws, lawn mowers, robotic mowers and other forestry and gardening tools for both professionals and homeowners. Companies House lists its activities as manufacture of agricultural and forestry machinery and wholesale of other machinery and equipment. The company also supports its product range with services such as fleet management tools, warranty and lease plans, and maintenance for chainsaws, trimmers, mowers, pressure washers and battery-powered equipment, serving both professional and residential customers across the UK.
Generated from the company's website and Companies House records. Sources: husqvarna.co.uk · husqvarna.co.uk · husqvarna.co.uk