The trend for ADARE INTERNATIONAL LIMITED shows a gradual decrease in the average time to pay invoices over the past three periods, with a significant drop from 108 days in the first period to 82 days in the most recent period. This suggests that the company has been making efforts to pay invoices more promptly.
The data for ADARE INTERNATIONAL LIMITED shows some volatility in the percentage of invoices paid within 30 days and between 31 and 60 days, with fluctuations of 1-2% between periods. The percentage of invoices paid later than 60 days also shows some volatility, with the highest being 91% in the first period and the lowest being 84% in the sixth period.
| 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 Jan 2022 - 30 Jun 2022 | 10 Aug 2022 | 82 | 21% | 13% | 66% | 66% |
| 01 Jul 2021 - 31 Dec 2021 | 08 Feb 2022 | 107 | 3% | 7% | 91% | 98% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Jul 2021 | 118 | 3% | 6% | 91% | 98% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 92 | 7% | 9% | 84% | 96% |
| 01 Jan 2020 - 30 Jun 2020 | 31 Jul 2020 | 96 | 4% | 8% | 88% | 97% |
| 01 Jul 2019 - 31 Dec 2019 | 31 Jul 2020 | 98 | 4% | 8% | 88% | 97% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Jul 2019 | 96 | 5% | 10% | 85% | 96% |
| 01 Jul 2018 - 31 Dec 2018 | 28 Jan 2019 | 106 | 3% | 6% | 91% | 95% |
| 01 Jan 2018 - 30 Jun 2018 | 28 Jan 2019 | 108 | 3% | 6% | 91% | 97% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
90 days end of month
Were there any changes to the standard payment terms in the reporting period?
Many suppliers now on 30 day terms in exchange for early settlement discount
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
The supplier should contact {country}invoices@hhglobal.com where the query is picked up by one of the AP team. The team investigate the query and pass to operations as appropriate. If, after investigation with the supplier, operations confirm that the dispute is resolved, then the invoice is settled. If the resolution leads to the issue of a credit note from the supplier, the original invoice will only be processed for payment once a correct credit note is received, validated, and processed.
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
Adare International Limited is a UK registered company incorporated in 1982 and currently active, based in Leatherhead, Surrey. According to its official business classification, the company operates in printing, specifically categorised under printing not elsewhere classified. It is associated with the marketing, branding and advertising sector as well as packaging and printing. No further verifiable details of its specific products, services or trading activity are available from the supplied evidence, as its website domain is currently unused and offered for sale rather than hosting operational content.
Generated from the company's website and Companies House records.