Ranked in 3 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 Jan 2025 - 30 Jun 2025 | 22 Jul 2025 | 40 | 40% | 43% | 17% | 4% |
| 01 Jul 2024 - 31 Dec 2024 | 21 Jan 2025 | 46 | 35% | 49% | 16% | 4% |
| 01 Jan 2024 - 30 Jun 2024 | 24 Jul 2024 | 41 | 31% | 56% | 13% | 8% |
| 01 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 12 | 33% | 53% | 13% | 5% |
| 01 Jan 2023 - 30 Jun 2023 | 25 Jul 2023 | 36 | 31% | 57% | 12% | 7% |
| 01 Jul 2022 - 31 Dec 2022 | 26 Jan 2023 | 50 | 13% | 62% | 25% | 31% |
| 01 Jan 2022 - 30 Jun 2022 | 01 Aug 2022 | 52 | 14% | 66% | 20% | 30% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 48 | 17% | 62% | 22% | 16% |
| 01 Jan 2021 - 30 Jun 2021 | 22 Jul 2021 | 50 | 16% | 59% | 25% | 33% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 53 | 12% | 62% | 26% | 40% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 55 | 11% | 56% | 33% | 56% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 49 | 14% | 62% | 24% | 44% |
| 01 Jan 2019 - 30 Jun 2019 | 22 Jul 2019 | 47 | 20% | 60% | 20% | 33% |
| 01 Jul 2018 - 31 Dec 2018 | 24 Jan 2019 | 47 | 16% | 66% | 17% | 40% |
| 01 Jan 2018 - 30 Jun 2018 | 26 Jul 2018 | 47 | 19% | 62% | 19% | 31% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The Business uses standard terms which Vary dependent on the suppliers - we have some Suppliers on proforma basis and others up to 90 day terms - All are paid electronically
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
90
Discrepancies are dealt with in a professional manner and reported to the supplier at the earliest opportunity following receipt of the invoice ,Finance issue a GRNI report weekly to alert Supply chain to situations where goods may have been received but invoices not yet processed ,statements are reconciled as part of the month end process / procedure . The finance team are available between 8.30am and 5.00PM Monday to Thursday and 8.30am to 4.30 Pm on a Friday ,Finance are also contactable by email . In the event an invoice is held for payment the Finance Manager will communicate with teams and suppliers with reasons and help with the resolution
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
HEYWOOD WILLIAMS COMPONENTS LIMITED is an active private limited company, incorporated on 18 July 1990, based in the West Midlands region. Registered business activity: Non-specialised wholesale trade.
From Companies House records.