| 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 Dec 2024 - 31 May 2025 | 18 Jul 2025 | 53 | 60% | 29% | 11% | 40% |
| 01 Jun 2024 - 30 Nov 2024 | 10 Jan 2025 | 38 | 62% | 29% | 9% | 40% |
| 01 Dec 2023 - 31 May 2024 | 08 Jul 2024 | 49 | 69% | 21% | 11% | 37% |
| 01 Jun 2023 - 30 Nov 2023 | 10 Jan 2024 | 29 | 66% | 23% | 11% | 41% |
| 01 Dec 2022 - 31 May 2023 | 10 Jul 2023 | 28 | 73% | 22% | 5% | 47% |
| 01 Dec 2018 - 31 May 2019 | 17 Jun 2019 | 38 | 57% | 35% | 8% | 40% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business' standard payment terms for our suppliers is 30 days from the date that the invoice is received. In special circumstances, the payment terms can be negotiated.
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
60
Disputes are resolved as per the dispute resolution clause in each contract and always through open and honest communications, between the supplier and H&M.
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.
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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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
H&M Hennes & Mauritz UK Limited is a subsidiary of the Swedish multinational fashion retailer H&M, known for its fast fashion and affordable prices. The company operates in the UK market with over 300 stores and an online presence.
The sustainability program of H&M Hennes & Mauritz UK Limited is focused on reducing its environmental impact, promoting fair and ethical treatment of workers, and supporting local communities. The company has set ambitious goals to become 100% circular and climate positive by 2030. They also have initiatives for waste reduction, energy efficiency, and sustainable sourcing of materials.
H&M Hennes & Mauritz UK Limited offers a wide range of products for men, women, and children, including clothing, accessories, and home decor. They collaborate with well-known designers and celebrities to create limited-edition collections, making high fashion accessible to everyone.
The key people leading H&M Hennes & Mauritz UK Limited include Helena Helmersson as the Global CEO, Toni Galli as the UK & IE Country Manager, and Pascal Brun as the Head of Sustainability. They are committed to driving the company towards sustainability and ethical practices.
For any inquiries, customers can reach H&M Hennes & Mauritz UK Limited through their website, www.hm.com, or by visiting their registered office at 1st Floor, 25 Argyll Street, London, W1F 7TS. The company also has a strong social media presence, allowing customers to stay updated on their latest collections and sustainability efforts.