Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
| 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 Oct 2023 - 31 Mar 2024 | 15 May 2024 | 73 | 9% | 18% | 73% | 12% |
| 01 Apr 2023 - 30 Sept 2023 | 15 May 2024 | 72 | 12% | 16% | 72% | 23% |
| 01 Oct 2022 - 31 Mar 2023 | 10 May 2023 | 77 | 21% | 11% | 68% | 23% |
| 02 Apr 2022 - 30 Sept 2022 | 07 Nov 2022 | 75 | 23% | 12% | 65% | 21% |
| 02 Oct 2021 - 01 Apr 2022 | 03 May 2022 | 70 | 22% | 10% | 68% | 27% |
| 03 Apr 2021 - 01 Oct 2021 | 23 Dec 2021 | 72 | 12% | 19% | 69% | 27% |
| 06 Nov 2020 - 02 Apr 2021 | 30 Apr 2021 | 76 | 11% | 19% | 70% | 36% |
| 28 Sept 2019 - 03 Apr 2020 | 28 Apr 2020 | 73 | 10% | 30% | 60% | 25% |
| 30 Mar 2019 - 27 Sept 2019 | 24 Oct 2019 | 80 | 10% | 21% | 69% | 15% |
| 29 Sept 2018 - 29 Mar 2019 | 23 Apr 2019 | 79 | 9% | 23% | 68% | 18% |
| 31 Mar 2018 - 28 Sept 2018 | 10 Dec 2018 | 76 | 11% | 27% | 62% | 24% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
As far as standard terms are used, these are 90 days EOM for goods for resale and 60 days EOM for goods not for resale.
Were there any changes to the standard payment terms in the reporting period?
Standard terms, for goods not for resale, have moved from 45 days nett monthly to 60 days nett monthly
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
120
In the first instance any disputes would be raised via the company's Accounts Payable function. These would then be escalated within the company via both financial and commercial channels and ultimately resolved via negotiation with the supplier concerned.
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
Halfords Group Plc is a UK-listed retailer and services operator focused on motoring and cycling. It trades through more than 350 stores, around 600 garages (Halfords Autocentres) and 700 vans, employing over 11,000 people. Its offer spans bicycles and cycling equipment, car parts and accessories, and motoring services including MOT testing, car repairs and servicing, tyres, batteries and vehicle technology fitting. It also provides mobile fitting services for tyres, batteries and windscreen repairs, and click and collect from its stores. The registered entity, based in Redditch, functions as the group's head office, with a stated SIC classification of head office activities, overseeing the wider retail and autocentre operations described on its website.
Generated from the company's website and Companies House records. Sources: halfords.com