The trend for HOLCHEM LABORATORIES LIMITED over the past three periods shows a slight decrease in the average time taken to pay invoices, with a dip in the first period of 2019 followed by a gradual increase. The percentage of invoices paid within 30 days has remained relatively consistent, while there has been a slight increase in the percentage of invoices paid between 31 and 60 days in the most recent period.
The data for HOLCHEM LABORATORIES LIMITED shows relatively low volatility in terms of the average time taken to pay invoices and the percentage of invoices paid within 30 days. However, there is some volatility in the percentage of invoices paid between 31 and 60 days, with a notable increase in the last period.
In the most recent period (Jul 2021 - Dec 2021), HOLCHEM LABORATORIES LIMITED had an average time of 55 days to pay invoices, with 14% of invoices paid within 30 days, 49% paid between 31 and 60 days, and 37% paid later than 60 days. This shows a slight improvement from the previous period (Jan 2021 - Jun 2021), where the average time to pay was also 55 days, but only 14% of invoices were paid within 30 days and 37% were paid later than 60 days. However, there was an increase in the percentage of invoices paid between 31 and 60 days. Overall, HOLCHEM LABORATORIES LIMITED has maintained a relatively consistent payment pattern over the past three periods, with a slight decrease in the average time taken to pay invoices.
| 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 2024 - 30 Jun 2024 | 05 Sept 2024 | 46 | 23% | 58% | 19% | 71% |
| 01 Jul 2023 - 31 Dec 2023 | 05 Sept 2024 | 55 | 19% | 59% | 22% | 73% |
| 01 Jan 2023 - 30 Jun 2023 | 03 Sept 2024 | 53 | 14% | 62% | 24% | 82% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | |||||
| 01 Jan 2021 - 30 Jun 2021 | 23 Jul 2021 | 55 | 14% | 49% | 37% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 25 Jan 2021 | 54 | 15% | 47% | 38% | 82% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 53 | 14% | 49% | 37% | 86% |
| 01 Jul 2019 - 31 Dec 2019 | 29 Jan 2020 | 51 | 17% | 48% | 34% | 86% |
| 01 Jan 2019 - 30 Jun 2019 | 23 Jul 2019 | 55 | 16% | 49% | 35% | 86% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 58 | 12% | 48% | 40% | 88% |
| 01 Jun 2018 - 30 Jun 2018 | 26 Jul 2018 | 54 | 12% | 50% | 38% | 89% |
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
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
90
The query should go to KersiaUKAccountsPayable@kersia-group.com, they will escalate to the relevant person depending on the dispute
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
HOLCHEM LABORATORIES LIMITED is a UK-based company that specializes in providing chemical solutions and services to industries such as food and beverage, dairy, and hospitality. The company has a strong commitment to sustainability and offers a range of environmentally-friendly products and services.
Their sustainability program focuses on reducing the environmental impact of their operations and helping their clients do the same. This includes measures such as reducing waste and carbon emissions, using renewable energy sources, and promoting sustainable packaging solutions.
One of their key products is the Holchem Green Range, which consists of eco-friendly cleaning and sanitation products. These products are designed to be effective while also being safe for the environment. The company also offers a range of training and consultancy services to help businesses implement sustainable practices.
The company is led by a team of experienced professionals, including Managing Director Peter Littleton and Technical Director Sarah Littleton. They are dedicated to providing high-quality products and services while also promoting sustainability.
For more information on HOLCHEM LABORATORIES LIMITED, their website address is www.holchem.co.uk. Their registered office address is Unit 1, Ryder Close, Swindon, Wiltshire, SN2 2YZ. Customers can also contact them via email at enquiries@holchem.co.uk or by phone at +44 (0)1793 721 212.
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