The trend for LAWRENCE HUNT & CO LIMITED shows a significant improvement in their payment performance over the past three periods. The average time to pay has decreased from 20 days to 10 days, with a consistent increase in the percentage of invoices paid within 30 days and a decrease in the percentage of invoices paid between 31 and 60 days. This indicates a positive trend towards paying suppliers earlier.
There is very little volatility in the data for LAWRENCE HUNT & CO LIMITED. The company has consistently maintained a high percentage of invoices paid within 30 days and a low percentage of invoices paid later than 60 days. The only change in volatility is seen in the average time to pay, which has decreased significantly over the three periods.
| 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 |
|---|---|---|---|---|---|---|
| 18 May 2018 - 17 May 2019 | 25 Jul 2019 | 15 | 99% | 1% | 0% | 0% |
| 15 May 2017 - 14 Nov 2017 | 20 Feb 2018 | 20 | 95% | 5% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Main supplier paid within 10 days. Most others within 30 days
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
59
Not really applicable. Never have disputes
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
Lawrence Hunt & Co Limited is a private limited company based in Penwortham, Preston, Lancashire, incorporated in October 1974 and still active. Its registered business activity is retail sale in non-specialised stores where food, beverages or tobacco predominate, a category covering shops such as corner stores, newsagents, off-licences, petrol station shops and supermarkets. No further detail on trading names, store locations or specific product lines is available from the evidence supplied. The company's official filings confirm its status and registered office but do not describe its operations beyond this standard retail classification.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk