HARVEY NASH LIMITED
Company Information
- Company Number
- 02202476
- Registered Address
- 3 Noble Street, London, England, EC2V 7EE
- Status
- Active
- Employee Count
- 280
- Turnover
- £296,685,000
- EBITDA
- £8,672,000
Additional Details
- Website
- https://harveynash.com/
- Company Type
- Private limited Company
- Incorporated On
- 3 December 1987
- Nature of Business
- 78200 - Temporary employment agency activities
- Industries
- Professional Services
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The data shows that the average time taken for HARVEY NASH LIMITED to pay invoices has remained consistent at 4 days from 2018 to 2020. However, there was a significant increase in the average time to pay in 2020-2021, reaching 6 days and then slightly decreasing to 5 days in the following period. This trend suggests a possible delay in payment processing during the COVID-19 pandemic.
Volatility Analysis
The data also shows that there has been some volatility in the percentage of invoices paid within 30 days, with a slight decrease from 98% in 2018-2019 to 94% in 2020-2021 before increasing to 97% in the most recent period. There has also been some volatility in the percentage of invoices paid between 31 and 60 days, with a peak of 3% in 2020-2021 before decreasing to 2% in the most recent period. The percentage of invoices paid later than 60 days has also fluctuated, with a peak of 3% in 2020-2021 before decreasing to 1% in the most recent period. These fluctuations could be due to varying payment schedules or changes in supplier relationships.
Summary Analysis
From 2018 to 2020, HARVEY NASH LIMITED consistently paid invoices within an average of 4 days, with a high percentage (97-98%) paid within 30 days and a low percentage (1-2%) paid later than 60 days. However, in 2020-2021, there was a slight increase in the average time to pay and a decrease in the percentage of invoices paid within 30 days, possibly due to the impact of the COVID-19 pandemic. In the most recent period, the average time to pay decreased slightly and the percentage of invoices paid within 30 days increased to 97%, indicating a return to pre-pandemic payment practices.
Performance Reports History
| 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 Aug 2023 - 31 Jan 2024 | 29 Feb 2024 | 5 | 97% | 2% | 1% | 4% |
| 01 Feb 2023 - 31 Jul 2023 | 29 Aug 2023 | 5 | 98% | 1% | 1% | 3% |
| 01 Aug 2022 - 31 Jan 2023 | 28 Feb 2023 | 7 | 98% | 1% | 1% | 3% |
| 01 Feb 2022 - 31 Jul 2022 | 31 Aug 2022 | 8 | 96% | 2% | 2% | 4% |
| 01 Aug 2021 - 31 Jan 2022 | 28 Feb 2022 | 6 | 97% | 2% | 1% | 4% |
| 01 Feb 2021 - 31 Jul 2021 | 31 Aug 2021 | 6 | 97% | 2% | 1% | 4% |
| 01 Aug 2020 - 31 Jan 2021 | 26 Feb 2021 | 5 | 95% | 3% | 2% | 7% |
| 01 Feb 2020 - 31 Jul 2020 | 01 Sept 2020 | 6 | 94% | 3% | 3% | 9% |
| 01 Aug 2019 - 31 Jan 2020 | 27 Feb 2020 | 4 | 98% | 1% | 1% | 3% |
| 01 Feb 2019 - 31 Jul 2019 | 30 Aug 2019 | 4 | 98% | 1% | 1% | 3% |
| 01 Aug 2018 - 31 Jan 2019 | 22 Feb 2019 | 4 | 98% | 1% | 1% | 3% |
| 01 Feb 2018 - 31 Jul 2018 | 28 Aug 2018 | 4 | 97% | 2% | 1% | 3% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Harvey Nash utilise 30 days payment terms as standard.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
45
Dispute Resolution Process
All disputes are handled by our accounts payable department. After 72 hours escalations are managed by the Finance Manager.
Other Payment Information
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.
❌
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.
❌
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
Company Summary
Harvey Nash Limited is a leading global professional recruitment and outsourcing company. Established in 1988, the company provides a range of services including executive search, technology recruitment, and leadership services.
The company is committed to sustainability and has implemented various initiatives to reduce its environmental impact. These include promoting remote working, using renewable energy sources, and implementing waste reduction measures.
Harvey Nash Limited offers a wide range of products and services to its clients, including executive search and recruitment, technology solutions, and leadership consulting services. These services are designed to help businesses find the right talent, build their technology capabilities, and develop strong leadership teams.
The key people at Harvey Nash Limited include CEO Albert Ellis and Chairman Julie Baddeley. They are supported by a team of experienced and knowledgeable professionals who are dedicated to providing high-quality services to their clients.
To contact Harvey Nash Limited, interested parties can visit their website at www.harveynash.com. The company's registered office address is 110 Bishopsgate, London, EC2N 4AY, United Kingdom.
In summary, Harvey Nash Limited is a global professional recruitment and outsourcing company with a strong commitment to sustainability. Their range of products and services, along with their team of dedicated professionals, make them a trusted partner for businesses looking to find the right talent, build their technology capabilities, and develop strong leadership teams.
