Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Sept 2019 - 28 Feb 2020 | 31 Jul 2020 | 53 | 27% | 41% | 32% | 18% |
| 01 Mar 2019 - 31 Aug 2019 | 02 Dec 2019 | 36 | 44% | 37% | 19% | 21% |
| 01 Sept 2018 - 28 Feb 2019 | 28 Mar 2019 | 39 | 38% | 41% | 21% | 36% |
| 01 Mar 2018 - 31 Aug 2018 | 28 Nov 2018 | 46 | 24% | 49% | 27% | 27% |
| 01 Sept 2017 - 28 Feb 2018 | 23 Apr 2018 | 50 | 18% | 51% | 31% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Under the most frequently used payment terms, the number of days to pay will be between 30 and 60 days depending upon the time of the month in which the invoice is issued
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
Any disputes with suppliers over payment terms is dealt with by the Finance Department, who will collect evidence on the terms that were agreed between the individuals that agreed the relevant supply contract. The first step in this process is for the supplier to raise a question with the Finance Department via email to the department e-mail address Accounts@HLC.co.uk. This is also the email address that should be used for submission of supplier’s invoices to HLC (Wood Products) Limited.
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
H L C (Wood Products) Limited is a private limited company registered in Norfolk, incorporated in 1986 and currently active. Companies House records its nature of business under SIC code 32990, other manufacturing not elsewhere classified, and the company's own name indicates a focus on wood products. No further detail on specific products, markets or trading operations is available from the supplied records. The company files micro company accounts and has undergone several changes of director over the years, most recently in 2023. Beyond these statutory filings, there is no additional descriptive evidence of its day-to-day commercial activities.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk