From 2018-04 to 2019-09, the average time taken for BRANDON HIRE LIMITED to pay invoices has increased by 3.0%. The percentage of invoices paid within 30 days has decreased by 2.0%, while the percentage of invoices paid between 31 and 60 days has remained the same. The percentage of invoices paid later than 60 days has increased by 2.0%, while the percentage of invoices not paid within agreed terms has decreased by 3.0%. The shortest (or only) standard payment period has remained at 0 days.
The average time taken to pay invoices for BRANDON HIRE LIMITED has remained relatively stable, with only a 3.0% increase over the three periods. However, there has been some volatility in the percentage of invoices paid within 30 days, with a 2.0% decrease in the second period, followed by a 1.0% increase in the third period. The percentage of invoices paid between 31 and 60 days has remained consistent throughout the three periods. The percentage of invoices paid later than 60 days has seen a 2.0% increase in the third period, while the percentage of invoices not paid within agreed terms has seen a 3.0% decrease in the third period. The shortest (or only) standard payment period has remained consistent at 0 days.
| 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 2018 - 30 Sept 2018 | 30 Oct 2018 | 69 | 5% | 34% | 61% | 90% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Company negotiates and agrees payment terms with its suppliers as one element of its procurement process. As a result, payment terms vary by supplier. Most suppliers have agreed terms of 60 days, end of month, although payment terms can be as low as payment on receipt of invoice.
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
150
Disputed invoices will be notified to the supplier and investigated in a timely manner and resolved. Invoiced items that are subject to dispute will not be paid until resolution of the 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
Brandon Hire Limited is a dormant company registered in Harrogate, North Yorkshire, having previously traded as Brandon Hire Plc from 1971 until its name changed in 2010. Companies House lists its nature of business as a dormant company, with no current trading activity. Industry tags associated with the company relate to heavy equipment and machinery and product rental and hire, consistent with its former trading name, though no evidence describes ongoing operations. The company remains an active legal entity on the register but is not currently conducting business.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk