| 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 Oct 2018 - 31 Mar 2019 | 01 Jul 2019 | 38 | 52% | 33% | 15% | 38% |
| 01 Apr 2018 - 30 Sept 2018 | 01 Jul 2019 | 44 | 44% | 35% | 21% | 46% |
| 01 Oct 2017 - 31 Mar 2018 | 23 Apr 2018 | 81 | 22% | 18% | 60% | 36% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payments 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
60
Query will be logged with the suppliers by the person who is authorizing the invoice and the invoice will be placed on "Hold" in system. When supplier chase for payment for overdue, AP team follow up with query internally and with supplier. If not resolved, being escalated to Manager. If it is a matter of requesting POD or backups, AP team liaise with supplier directly to avoid delay in payment. From the point dispute arise, AP team acts straightaway and try to resolve by next payment run so it can be included in payments.
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.
❌
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
Heathrow Truck Centre Limited trades as HTC Heathrow, the head office site of the HTC Group of DAF truck dealerships. It sells new and used trucks and vans, and provides servicing, maintenance, parts (including DAF genuine and TRP all-makes parts), finance and leasing, and roadside assistance through DAFaid. The group, which began in 1970 and became a DAF franchise dealer, joined Ballyvesey Holdings in 2007 and operates additional sites across the South of England including Dunstable, Greenford, Reading, Oxford, Croydon, Belvedere, Hemel Hempstead, Guildford and Shoreham. Its registered office is at Colnbrook, Berkshire, matching the HTC Heathrow head office address. Customers range from regional manufacturing and construction firms to national logistics operators with fleets and trailers.
Generated from the company's website and Companies House records. Sources: htc-heathrow.com · htc-heathrow.com