The average time taken by HUGHES OF BEACONSFIELD LIMITED to pay invoices has fluctuated over the past three periods, with an increase of 5 days between the first and second period, a decrease of 3 days between the second and third period, and a significant increase of 14 days between the third and fourth period. However, the most recent period saw a decrease of 12 days compared to the previous period, showing an improvement in payment times.
The volatility of HUGHES OF BEACONSFIELD LIMITED's payment times can be seen through the changes in the percentage of invoices paid within 30 days, between 31 and 60 days, and later than 60 days. While the percentage of invoices paid within 30 days has remained relatively stable, there have been fluctuations in the percentages of invoices paid between 31 and 60 days and later than 60 days, showing inconsistency in payment times.
Looking at the past three periods, HUGHES OF BEACONSFIELD LIMITED has shown a consistent pattern of paying the majority of their invoices within 30 days. However, there has been a slight decrease in this percentage over time. The percentage of invoices paid between 31 and 60 days has fluctuated, with a decrease in the second period followed by an increase in the third and fourth period. The most significant change has been in the percentage of invoices paid later than 60 days, which has steadily increased over the past three 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 Sept 2020 - 28 Feb 2021 | 31 Mar 2021 | |||||
| 01 Mar 2020 - 31 Aug 2020 | 23 Sept 2020 | 46 | 45% | 41% | 14% | 23% |
| 01 Sept 2019 - 29 Feb 2020 | 31 Mar 2020 | 58 | 40% | 34% | 26% | 32% |
| 01 Mar 2019 - 31 Aug 2019 | 30 Sept 2019 | 44 | 40% | 40% | 20% | 31% |
| 01 Jul 2018 - 28 Feb 2019 | 29 Mar 2019 | 41 | 39% | 45% | 15% | 31% |
| 01 Jan 2018 - 30 Jun 2018 | 23 Oct 2018 | 36 | 39% | 50% | 11% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Manufacturer vehicle purchases are typically paid 3 days from the date of registration but can have longer payment terms depending on specific manufacturer purchase arrangements. Standard terms for other suppliers are for payment to be made on the last working day of the month following the date of receipt of the invoice, although specific terms may exist where agreed with certain suppliers.
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
62
Disputed invoices are highlighted as soon as is practicable to the supplier for resolution. We endeavour to resolve the issue as quickly as possible and would, where appropriate, escalate to Account Managers to reach a resolution. When resolved, payment is made as soon as is practicable.
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
Hughes of Beaconsfield Limited is a British company that specializes in providing high-quality electrical appliances and services to customers. Founded in 1921, the company is committed to sustainability and has implemented various initiatives to reduce their environmental impact.
One of their sustainability programs is their partnership with the government's Waste Electrical and Electronic Equipment (WEEE) regulations, which ensures that their products are disposed of in an environmentally friendly manner. They also offer a recycling service for old appliances to encourage responsible disposal.
Hughes of Beaconsfield Limited offers a wide range of products, including televisions, washing machines, refrigerators, and kitchen appliances, from top brands such as Samsung, Bosch, and Sony. They also provide installation, repair, and maintenance services for their products.
The company's key people include managing director Robert Hughes, who has been with the company for over 30 years, and chairman Frank Hughes, who is the grandson of the company's founder.
Customers can contact Hughes of Beaconsfield Limited through their website, which also features an online store for easy shopping. The company's registered office address is in Beaconsfield, Buckinghamshire.
In conclusion, Hughes of Beaconsfield Limited is a reputable company that prioritizes sustainability while offering a wide range of high-quality electrical products and services to their customers. With a strong commitment to environmental responsibility and a dedicated team of professionals, the company continues to provide top-notch services to its customers.