HAMMERSON BRENT CROSS LIMITED
Company Information
- Company Number
- 03377460
- Registered Address
- Marble Arch House, 66 Seymour Street, London, England, W1H 5BX
- Status
- Active
- Employee Count
- 2
- Turnover
- £47,000
- EBITDA
- -£7,294,000
Additional Details
- Website
- https://hammerson.com
- Company Type
- Private limited Company
- Incorporated On
- 29 May 1997
- Nature of Business
- 41100 - Development of building projects68320 - Management of real estate on a fee or contract basis
- Industries
- Property,Infrastructure And Construction
- Region
- London
Time to Pay
Payment Timeline
Payment Features
Company Review
Trend Analysis
From Jan 2018 to Dec 2018, the average time taken for HAMMERSON (BRENT CROSS) LIMITED to pay invoices to suppliers has decreased from 32 days to 29.3 days, indicating an improving trend in payment efficiency.
Volatility Analysis
The volatility in the time taken to pay invoices has decreased from a range of 15 days in the first period to a range of 8.6 days in the third period, indicating a more consistent payment pattern.
Summary Analysis
From Jan 2018 to Dec 2018, HAMMERSON (BRENT CROSS) LIMITED has shown improvement in paying invoices on time. The percentage of invoices paid within 30 days has increased from 73% to 77.3%, while the percentage of invoices paid later than 60 days has decreased from 15% to 12%. This indicates a better payment track record and a decrease in delays in payment.
Performance Reports History
| 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 2018 - 26 Sept 2018 | 30 Jan 2019 | 26 | 84% | 12% | 4% | 16% |
| 01 Jan 2018 - 30 Jun 2018 | 25 Jul 2018 | 32 | 73% | 12% | 15% | 27% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Standard payment terms are 30 days following the invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Dispute Resolution Process
Hammerson operates a workflow system by which all invoices are logged by the Purchase Ledger team and sent to the Initiator for approval. At this point if the Initiator has a query they will contact the supplier directly to resolve. The supplier will receive a phone call/email/letter indicating the invoice number and reason for rejection. The Initiator will put the invoice on "Stop". Once the query is resolved the Initiator will either return the invoice to the PL team informing them a new invoice/credit note is due or will pass the invoice on for payment.
Other Payment Information
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
Company Summary
Hammerson (Brent Cross) Limited is a British real estate company that operates in the retail sector. The company is focused on creating and managing innovative and sustainable retail destinations. It has a portfolio of high-quality shopping centers in the UK, France, and Ireland.
The company's sustainability program, called "Positive Places," aims to minimize the environmental impact of its operations and create social and economic value for the communities it serves. This includes reducing carbon emissions, promoting sustainable transport, and supporting local businesses and charities. Hammerson is committed to achieving a net-zero carbon portfolio by 2030 and has set ambitious targets to reduce water and waste consumption.
Hammerson's key products and services include developing and managing retail destinations, leasing retail space to retailers, and providing property management services. Its retail destinations offer a mix of popular and niche brands, restaurants, and leisure facilities, creating a vibrant and diverse shopping experience for customers.
The company is led by a team of experienced executives, including CEO Rita-Rose Gagné and CFO James Lenton. They are committed to driving the company's growth and sustainability agenda.
Hammerson's registered office address is at Kings Place, 90 York Way, London N1 9GE, United Kingdom. The company's website is www.hammerson.com, where customers can find information about its properties, services, and sustainability efforts.
