Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
Score of 89.75/100 qualifies for PaymentCheck Certification
| 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 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 21 | 88% | 11% | 1% | 14% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 21 | 85% | 13% | 2% | 9% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 21 | 87% | 11% | 2% | 11% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 30 | 62% | 31% | 7% | 24% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 35 | 50% | 44% | 6% | 37% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 42 | 48% | 41% | 11% | 21% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 52 | 50% | 38% | 12% | 19% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 52 | 31% | 55% | 14% | 24% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 54 | 23% | 61% | 16% | 28% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 51 | 30% | 55% | 15% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Material purchase invoices: payment is due at the end of the month following the month of the invoice. Supply and fit sub-contract invoices: payment is due at the end of the month following the month of the invoice. Labour only sub-contract invoices: payment is due at the end of the week following the week of the invoice.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The payment performance reporting has been prepared on a consistent basis with previous submissions in that they are reporting the time taken between the date of receipt of the initial invoice and the date on which the approved invoice payment has been received by the supplier/subcontractor.
Maximum contractual payment period agreed
62
Disputes are dealt with by the relevant regional finance department.
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
Hillreed Homes Limited is a registered UK company with SIC codes for the construction of commercial and domestic buildings. It shares its registered office with Persimmon Homes Limited, indicating it forms part of the Persimmon Homes group. The wider group builds new homes across the UK, ranging from one to five bedroom properties, and describes itself as "one of the UK's largest home builders". The group offers various homebuyer schemes such as part exchange and deposit assistance, and supports local communities through a donations programme. Hillreed Homes Limited itself appears to function as a subsidiary construction entity within this group rather than as an independently trading homebuilder.
Generated from the company's website and Companies House records. Sources: persimmonhomes.com