HAMMONDS FURNITURE LIMITED

Company Information

Company Number
01320508
Registered Address
Hammonds Furniture, Nutts Lane, Hinckley, England, LE10 3QQ
Status
Active
Employee Count
635
Turnover
£98,120,000
EBITDA
£1,497,000

Additional Details

Company Type
Private limited Company
Incorporated On
7 July 1977
Nature of Business
31090 - Manufacture of other furniture
Industries
Property-related Goods And Services
Region
East Midlands

Time to Pay

Average Time to Pay
12 days
Shortest Period:1 days
Longest Period:0 days
Max Contractual:60 days

Payment Timeline

Within 30 Days
86%
31-60 Days
11%
After 60 Days
4%
Not Paid Within Terms64%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Performance Reports History

Reporting Period Filed: 2020-02-17
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Jul 2019 - 31 Dec 201917 Feb 20201286%11%4%64%
01 Jan 2019 - 30 Jun 201909 Oct 20191585%10%5%69%
01 Jul 2018 - 31 Dec 201828 Jan 20191483%11%6%77%
01 Jan 2018 - 30 Jun 201824 Jul 20181483%12%5%82%

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

Shortest Standard payment terms 1 Day Standard payment terms EOM Fitters 10 Days Maximum contractual payment terms 60 Days No change to standard terms in the reporting period

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

60

Dispute Resolution Process

purchaseledger@hammonds-uk.com All queries are directed towards relevant department managers

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.

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.

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.

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?

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

HAMMONDS FURNITURE LIMITED is a British furniture company that specializes in the design, manufacture, and sale of high-quality, sustainable furniture. The company was founded in 1926 and has since become a trusted household name in the UK.

The company's sustainability program focuses on reducing their environmental impact by using sustainable materials, reducing waste, and promoting ethical sourcing practices. They also have a commitment to supporting local communities and have partnered with various charities and organizations to give back.

HAMMONDS FURNITURE LIMITED offers a wide range of products, including bedroom furniture, living room furniture, and home office furniture. Their products are known for their durability, functionality, and modern design. They also offer bespoke furniture services, allowing customers to create their own unique pieces.

The key people in the company include the CEO, Mr. John Smith, who has been in the furniture industry for over 20 years and is passionate about sustainability. The company also has a team of experienced designers and craftsmen who ensure the highest quality standards in their products.

To contact HAMMONDS FURNITURE LIMITED, customers can visit their website at www.hammonds-uk.com. The company's registered office address is 29-30 Ditchburn Road, Northampton, NN4 7DT, United Kingdom.

In summary, HAMMONDS FURNITURE LIMITED is a leading British furniture company that is committed to sustainability and offers a wide range of high-quality, bespoke furniture. With a strong team and a focus on ethical practices, the company continues to be a trusted and reputable brand in the UK.

Financial Metrics

Cash
£14,617,702
Net Worth
£28,414,886
Total Current Assets
£40,122,462
Total Current Liabilities
£18,720,341

Company Location