Industry ranking
The average time for THOMAS HARDIE COMMERCIALS LIMITED to pay invoices has remained relatively consistent at around 28 days between 2018-2019. However, there has been a slight decrease in the average time to pay in 2019-2020, with the average time dropping to 25 days. This trend continues in the 2023 period, with the average time increasing to 36 days.
The volatility of THOMAS HARDIE COMMERCIALS LIMITED's payment patterns can be seen in the fluctuations of the percentage of invoices paid within 30 days. In 2019-2020, there was a decrease in the percentage of invoices paid within 30 days, but this increased again in the 2023 period. Similarly, there was a decrease in the percentage of invoices paid between 31-60 days in 2019-2020, followed by an increase in the 2023 period.
Overall, THOMAS HARDIE COMMERCIALS LIMITED has maintained a consistent average time to pay of 28 days between 2018-2019. However, there was a slight decrease in the average time to pay in 2019-2020, followed by an increase in the 2023 period. The company has also consistently paid the majority of their invoices within 30 days, with a slight decrease in the 2019-2020 period. The percentage of invoices paid later than 60 days has remained relatively low, with the highest being 8% in the 2018-2019 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 Jul 2024 - 31 Dec 2024 | 26 Feb 2025 | 36 | 47% | 42% | 11% | 45% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 39 | 46% | 35% | 19% | 50% |
| 01 Jul 2023 - 31 Dec 2023 | 09 Feb 2024 | 36 | 50% | 36% | 13% | 43% |
| 01 Jan 2023 - 30 Jun 2023 | 09 Feb 2024 | 36 | 50% | 36% | 14% | 43% |
| 01 Jul 2020 - 31 Dec 2020 | 12 Jan 2021 | 29 | 58% | 37% | 5% | 45% |
| 01 Jan 2020 - 30 Jun 2020 | 27 Jul 2020 | 25 | 65% | 28% | 7% | 53% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 23 | 64% | 30% | 5% | 49% |
| 01 Jan 2019 - 30 Jun 2019 | 02 Jul 2019 | 28 | 60% | 32% | 7% | 68% |
| 01 Jul 2018 - 31 Dec 2018 | 02 Jul 2019 | |||||
| 01 Jan 2018 - 30 Jun 2018 | 24 Jul 2018 | 28 | 60% | 32% | 8% | 69% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
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
60
discussion with supplier
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Thomas Hardie Commercials Limited is registered at Knowsley Industrial Park, Liverpool, and has traded since 1985, having briefly been incorporated as Bonestar Limited. Companies House records its business as the sale of motor vehicles, maintenance and repair of motor vehicles, and retail of vehicle parts and accessories. Evidence links the company to Volvo Trucks UK and Ireland's dealer network, indicating it operates as a commercial vehicle dealership handling sales, servicing and parts for Volvo trucks. The company remains active, with accounts and confirmation statements filed up to date at Companies House.
Generated from the company's website and Companies House records. Sources: dealer.volvotrucks.co.uk · find-and-update.company-information.service.gov.uk