| 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 2025 - 30 Jun 2025 | 31 Jul 2025 | 50 | 17% | 60% | 23% | 39% |
| 01 Jul 2024 - 31 Dec 2024 | 30 Jan 2025 | 54 | 16% | 52% | 32% | 25% |
| 01 Jan 2024 - 30 Jun 2024 | 12 Sept 2024 | 60 | 13% | 47% | 40% | 25% |
| 01 Jul 2023 - 31 Dec 2023 | 31 Jan 2024 | 64 | 12% | 43% | 45% | 34% |
| 01 Jan 2023 - 30 Jun 2023 | 13 Jul 2023 | 63 | 8% | 42% | 50% | 16% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 68 | 8% | 34% | 58% | 60% |
| 01 Jan 2022 - 30 Jun 2022 | 28 Jul 2022 | 66 | 11% | 36% | 53% | 57% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 46 | 13% | 79% | 8% | 14% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 49 | 20% | 70% | 10% | 17% |
| 01 Jul 2020 - 31 Dec 2020 | 26 Jan 2021 | 45 | 24% | 64% | 12% | 32% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 48 | 15% | 65% | 20% | 45% |
| 01 Jul 2019 - 31 Dec 2019 | 27 Jan 2020 | 43 | 25% | 61% | 14% | 49% |
| 01 Jan 2019 - 30 Jun 2019 | 11 Jul 2019 | 52 | 23% | 46% | 31% | 46% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 62 | 11% | 38% | 51% | 63% |
| 01 Jan 2018 - 30 Jun 2018 | 27 Jul 2018 | 59 | 8% | 45% | 47% | 65% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The majority of the payment terms contained within the MRP system are 'either' 31 days from End of Month (42% of vendors) and 62 days from End of Month (58% of vendors). This means that an invoice dated/received on the 1st day of the month could take upto 62 days for payment for 31 days EoM vendors or 92 days for payment for 62 days EoM vendors. The main invoice payment run is the final week of the Month paying all invoices due at Month End. (There is a smaller mid-month payment run on working day 10-11 of the month meaning that most supplier invoices are paid either just before or just after the End of Month terms.) During the Reporting Period, invoices on Average were paid 3 days late.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
The main invoice payment run is the final week of the Month paying all invoices due at Month End. There is a smaller mid-month payment run on working day 10-11 of the month meaning that most supplier invoices are paid either just before or just after the End of Month terms. At the 30 June, the Aged Listing by vendor was very clean. From approximately 1,431 invoices on the Listing only 14% were overdue. These invoices would have been paid during July 2025.
Maximum contractual payment period agreed
92
Hydraforce is committed to paying all of its suppliers to the terms agreed. All concerns or complaints regarding the non-payment of an invoice should be initially directed to UKAccountsPayable@Hydraforce.com along with a copy of the invoice/(s) in question. Please ensure you also ‘cc’ your Purchasing Representative in the e-mail as they are responsible for the resolution of all queries (including Price, Quantity and Quality). If you are unsure who your Purchasing Representative is, it is normally the person who submitted the Purchase Order to your Company. Accounts Payable will liaise with Purchasing in an attempt to ensure all invoice queries are resolved in a timely manner. We endeavour to resolve all queries within two weeks, however, if you feel you are not being treated fairly, you should contact the Head of Controlling. Alternatively contact Accounts Payable on 0121 333 1800 pressing 2 when prompted.
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
Hydraforce Hydraulics Limited is a UK-based company that specializes in the design and manufacture of hydraulic valves and control solutions. The company was founded in 1985 and has since grown to become a leading supplier in the hydraulic industry.
The company's main focus is on providing high-quality and innovative products to its customers. They offer a wide range of hydraulic valves, including directional, proportional, and pressure control valves. These valves are used in various industries such as agriculture, construction, and mining.
In addition to their products, Hydraforce Hydraulics Limited also has a strong commitment to sustainability. They have implemented a sustainability program that focuses on reducing their environmental impact and promoting responsible business practices. This includes using eco-friendly materials in their products, reducing energy consumption, and minimizing waste.
The key people at Hydraforce Hydraulics Limited include the managing director, David Scammell, and the sales director, Mike Elwell. Both have extensive experience in the hydraulic industry and are dedicated to driving the company's success.
For those interested in learning more about Hydraforce Hydraulics Limited, their website is www.hydraforce.com. Their registered office address is located in Birmingham, UK, but they also have manufacturing facilities in other countries such as the USA, China, and Brazil.
In summary, Hydraforce Hydraulics Limited is a reputable company that offers high-quality hydraulic valves and solutions while also prioritizing sustainability and responsible business practices. Their experienced team, innovative products, and commitment to sustainability make them a top choice for customers in need of hydraulic solutions.
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