The average time taken for HOOVER LIMITED to pay invoices increased from 48 days in the first period to 47 days in the fourth period. However, there was a slight decrease in the second period (41 days) before increasing again in the third period (45 days).
The % Invoices paid within 30 days for HOOVER LIMITED fluctuated between 33% and 20% over the four periods, with the highest percentage in the second period and the lowest in the first and fourth periods. The % Invoices paid between 31 and 60 days also varied, with the highest percentage in the first period and the lowest in the third period. The % Invoices paid later than 60 days showed a consistent increase over the four periods, with the highest percentage in the fourth period (39%) compared to the lowest in the second period (21%).
HOOVER LIMITED has shown a trend of taking longer to pay invoices over the four periods, with an average time to pay of 48 days in the first period and 47 days in the fourth period. However, there was a slight improvement in the second period, with an average time to pay of 41 days. The percentage of invoices paid within 30 days varied between 20% and 33%, with the lowest percentage in the first and fourth periods. The percentage of invoices paid between 31 and 60 days also varied, with the highest percentage in the first period and the lowest in the third period. The percentage of invoices paid later than 60 days consistently increased, with the highest percentage in the fourth period (39%). The shortest (or only) standard payment period for HOOVER LIMITED remained at 60 days throughout all four periods.
| 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 | 30 Jan 2025 | 58 | 30% | 17% | 53% | 35% |
| 01 Jan 2024 - 30 Jun 2024 | 09 Aug 2024 | 57 | 31% | 21% | 48% | 45% |
| 01 Jul 2023 - 31 Dec 2023 | 01 Feb 2024 | 47 | 39% | 22% | 39% | 41% |
| 01 Jan 2023 - 30 Jun 2023 | 01 Aug 2023 | 45 | 38% | 31% | 31% | 45% |
| 01 Jul 2022 - 31 Dec 2022 | 31 Jan 2023 | 41 | 33% | 46% | 21% | 42% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 48 | 20% | 52% | 28% | 39% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days end of month
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
120
Accounts payable team manage a dedicated email box for vendor queries, If the accounts payable team is not able to resolve the query they will follow up with the relevant internal department who has purchased or is responsible for the product/service ordered.
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
Haier Smart Home UK & I Ltd is registered for the manufacture of electric domestic appliances and wholesale of household electrical goods. Evidence shows the business trades under the Hoover brand, selling home appliances including washing machines, tumble dryers, dishwashers, fridge freezers, cookers and vacuum cleaners, both upright and robot models, along with accessories, spare parts and warranty support. Products are sold directly to consumers with delivery and promotional offers on laundry, cooking, refrigeration and floorcare ranges. The company positions itself around long-standing cleaning expertise and connected, energy-rated appliances. Based in Warrington, it operates as part of the wider Haier group's UK appliance business.
Generated from the company's website and Companies House records. Sources: hooverdirect.co.uk