HILL HOLDINGS LIMITED has shown a consistent improvement in their average time to pay invoices over the past three periods, with a decrease of 7.3% from 2018-01-01 to 2019-06-30.
The volatility in HILL HOLDINGS LIMITED's payment patterns has decreased over the past three periods, with a decrease in the percentage of invoices paid later than 60 days by 0.3% from 2018-01-01 to 2019-06-30.
| 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 2018 - 30 Jun 2018 | 03 Aug 2018 | 38 | 71% | 27% | 2% | 15% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms vary according to the type of supply, but are typically: Subcontractors – the payment due date in respect of each interim Application submitted in accordance with the subcontract order, shall be 21 days after the date of receipt of the application. The final date for payment is 14 days from the due date Other suppliers – payment is due 30 days from the end of month of supply
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
60
Hill actively seeks to resolve disputes at the earliest opportunity by discussing them with the relevant supplier with a view to settling the dispute by negotiation. Where the dispute can not be settled through negotiation, a number of potential dispute resolution methods may be used, including mediation and adjudication.
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
Hill Holdings Limited is registered as a construction holding company, sharing its registered office with Hill, the housebuilding group operating from Waltham Abbey, Essex. The Hill Group describes itself as an award-winning, five-star housebuilder that designs and delivers new homes across London and the South of England, ranging from inner-city apartments to family houses. Hill Holdings Limited itself functions as a holding entity within this housebuilding group rather than as an operating trading business. The wider group's activities include land and development, sales, customer service and supply chain functions, all coordinated through the same head office address shown for this company on the public record.
Generated from the company's website and Companies House records. Sources: hill.co.uk · hill.co.uk