Score of 85.2/100 qualifies for PaymentCheck Certification
There has been a fluctuation in the average time taken for HALCROW GROUP LIMITED to pay invoices to suppliers over the past three periods. In the first period, from Jan 2018 to Jun 2018, the average time was 35 days, which decreased to 20 days in the second period, from Jul 2018 to Dec 2018. However, it increased again to 26 days in the third period, from Jan 2019 to Jun 2019. In the most recent period, from Jul 2021 to Dec 2021, the average time to pay was 34 days. This suggests that the company has not been consistent in their payment process and there is no clear trend in the data.
The volatility in the data can be seen in the percentage of invoices paid within 30 days and the percentage of invoices paid later than 60 days. In the first period, only 74% of invoices were paid within 30 days, which increased to 85% in the second period. However, it decreased to 83% in the third period and then again to 85% in the fourth period. The percentage of invoices paid later than 60 days also fluctuated, with the highest being 9% in the third period and the lowest being 5% in the fourth period.
| 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 Apr 2023 - 30 Sept 2023 | 23 Oct 2023 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 26 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 26 Jul 2023 | |||||
| 01 Jan 2022 - 01 Jul 2022 | 21 Jul 2022 | 24 | 89% | 9% | 2% | 33% |
| 01 Jul 2021 - 31 Dec 2021 | 27 Jan 2022 | 34 | 76% | 19% | 5% | 49% |
| 01 Jan 2021 - 30 Jun 2021 | 30 Jul 2021 | 34 | 87% | 8% | 5% | 14% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 28 | 88% | 7% | 5% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 30 | 86% | 7% | 7% | 13% |
| 01 Jul 2019 - 31 Dec 2019 | 14 Jan 2020 | 23 | 85% | 9% | 6% | 6% |
| 01 Jan 2019 - 30 Jun 2019 | 01 Jul 2019 | 26 | 83% | 8% | 9% | 9% |
| 01 Jul 2018 - 31 Dec 2018 | 01 Jul 2019 | 20 | 85% | 12% | 3% | 3% |
| 01 Jan 2018 - 30 Jun 2018 | 02 Jul 2018 | 35 | 74% | 18% | 8% | 26% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The company does not have a standard contractual length of time for payment of invoices. The procurement team will generally set payment terms in conjunction with the supplier. If terms are not defined by one of the parties the default period will be set to 30 days.
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
58
In the event of an invoice being disputed, the supplier should contact the accounts payable team by email. If the accounts payable team do not know why the invoice has not been approved for payment the matter will be passed to the appropriate department/contact in order to resolve the dispute.
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
HALCROW GROUP LIMITED is a leading infrastructure consulting firm headquartered in the United Kingdom. With over 150 years of experience, the company provides a wide range of services in the areas of transportation, water, environment, and energy.
The company's sustainability program is a key focus, with a commitment to reducing their environmental impact and promoting sustainable practices in their projects. They aim to deliver solutions that not only meet the needs of their clients but also benefit the environment and local communities.
HALCROW GROUP LIMITED offers a variety of products and services, including engineering design, project management, and technical consultancy. They work on projects around the world, from major infrastructure developments to smaller, local initiatives.
The company's key people include the CEO, Andrew Wolstenholme, who has a background in civil engineering and has been with the company since 2015. The company is also led by a strong team of directors and managers with expertise in various fields.
For more information about HALCROW GROUP LIMITED and their services, you can visit their website at www.halcrow.com. The company's registered office address is located at Burderop Park, Swindon, Wiltshire, SN4 0QD, United Kingdom.
In summary, HALCROW GROUP LIMITED is a reputable consulting firm that is committed to sustainability and provides a wide range of services in the infrastructure sector. With a strong leadership team and a focus on delivering sustainable solutions, the company continues to be a leader in the industry.
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