| 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 | 02 Feb 2023 | 42 | 53% | 24% | 23% | 47% |
| 01 Jul 2021 - 31 Dec 2021 | 23 Jan 2022 | 22 | 85% | 10% | 5% | 30% |
| 01 Jan 2021 - 30 Jun 2021 | 25 Aug 2021 | 24 | 86% | 8% | 6% | 32% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Feb 2021 | 21 | 86% | 9% | 5% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 25 Aug 2020 | 24 | 83% | 11% | 7% | 22% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 24 | 84% | 10% | 6% | 21% |
| 01 Jan 2019 - 30 Jun 2019 | 03 Jul 2019 | 28 | 78% | 14% | 8% | 29% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 27 | 78% | 14% | 8% | 19% |
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 26 | 76% | 14% | 10% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days however we endeavour to settle invoices as per the details of each invoice. No invoice can be settled in less than 7 days.
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
45
Any dispute or claim will be dealt with in conjunction with centralised Procurement function and the business head that engaged with the supplier, The Company will deal with all issues in timely manner.
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
Federated Hermes Limited is a UK-registered company forming part of the Federated Hermes group, a global active asset manager. The wider group provides investment solutions across equity, fixed income, liquidity management and private markets, including private equity, private debt, infrastructure and real estate, alongside responsible investing and stewardship services. It describes itself as focused on meeting the diverse and evolving needs of global investors, serving thousands of client firms worldwide. The UK entity operates within this international structure, based in London, and is registered under SIC code 64999 covering financial intermediation activities not classified elsewhere.
Generated from the company's website and Companies House records. Sources: hermes.co.uk · hermes.co.uk