HERAS PERIMETER PROTECTION LTD exhibits a consistent trend of delayed payments, with an average payment time of 48 days, well beyond standard 30-day terms. Only 35% of invoices are settled within 30 days, while a significant 65% fall into the 31-60 day or over 60 day categories, indicating a prolonged payment cycle. This sustained pattern, further highlighted by 68% of payments being late, suggests a predictable trajectory of extended credit periods.
The payment behavior of HERAS PERIMETER PROTECTION LTD presents a moderate level of volatility, with payments spread across several intervals beyond 30 days. While 35% fall into the 31-60 day bracket, the substantial 30% paying over 60 days introduces significant unpredictability for cash flow forecasting. This broad distribution, coupled with 68% of payments being late, indicates a consistent risk of delayed settlement that suppliers must account for.
Overall, HERAS PERIMETER PROTECTION LTD demonstrates a high propensity for late payments, averaging 48 days and with 68% classified as late, which poses a substantial risk to supplier cash flow. Suppliers should factor in extended payment cycles into their financial planning and consider implementing strategies such as stricter payment terms, upfront deposits, or late payment penalties. A cautious approach is recommended, along with continuous monitoring of payment performance to mitigate potential working capital strain.
| 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 2019 - 30 Jun 2019 | 30 Jul 2019 | 49 | 31% | 37% | 31% | 45% |
| 01 Jul 2018 - 31 Dec 2018 | 30 May 2019 | 48 | 35% | 35% | 30% | 68% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 42 | 41% | 37% | 22% | 61% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
In general 60 days for material deliveries and 30 days for subcontracting services.
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
The company has a dedicated Accounts Payable team who will seek to resolve disputes with suppliers through dialogue and exchange of relevant information. In the event that an appropriate solution cannot be agreed at first line, cases are escalated through internal communication channels to Supervisors, Senior Finance staff, and ultimately through litigation and/or arbitration.
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
HERAS PERIMETER PROTECTION LTD is an active private limited company. The organisation specialises in the provision of perimeter protection.
Incorporated on 29 July 1993, the company operates under company number 02840742. Its registered office is situated at Apex Building 1 Water Vole Way, Balby, Doncaster, South Yorkshire, England, DN4 5JP.
Organisations within the perimeter protection sector typically offer a range of solutions designed to secure and define boundaries. These commonly include security fencing, gates, barriers, and integrated access control systems for various sites across the UK market.