| 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 2019 - 31 Jan 2020 | 26 Feb 2020 | 42 | 25% | 72% | 3% | 20% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 32 | 44% | 53% | 3% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are payment on the last working day in the month following the date of invoice.
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
SHB seeks to resolve disputes by discussing them with the supplier typically involving the accounts payable team and relevant colleagues within SHB and procurement team where necessary.
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
S.H.B. HIRE LIMITED is a leading provider of plant and equipment hire services in the UK. The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact.
Their sustainability program includes investing in energy-efficient equipment, promoting recycling and waste reduction, and using renewable energy sources. They also have a dedicated team that continuously monitors and improves their sustainability efforts.
S.H.B. HIRE LIMITED offers a wide range of quality plant and equipment for hire, including excavators, dumpers, forklifts, and more. Their products are regularly serviced and maintained to ensure customer satisfaction and safe operations.
The company is led by a team of experienced and knowledgeable professionals, including the Managing Director, Simon Heaps. They have a strong focus on customer service and are dedicated to providing efficient and cost-effective solutions to their clients.
For more information on their services and products, customers can visit their website at www.shb.co.uk. The registered office address for S.H.B. HIRE LIMITED is at Weydown Industrial Estate, Weydown Road, Haslemere, Surrey, GU27 1DW, UK. They also have multiple locations across the UK, making it convenient for customers to access their services.