HALFORDS GROUP PLC

PaymentCheck Score 2023
32Poor
1.6vs last year
#5015 in UK
#287 in Supply Chain
#341 in West Midlands

Company Information

Company Number
04457314
Registered Address
Icknield Street Drive, Washford West, Redditch, Worcestershire, B98 0DE
Status
Active
Employee Count
12,901
Turnover
£1,593,500,000
EBITDA
£179,100,000

Additional Details

Company Type
Public limited Company
Incorporated On
10 June 2002
Nature of Business
70100 - Activities of head offices
Industries
Supply Chain,Manufacturing And Commerce Models,Travel And Transportation
Region
West Midlands

Time to Pay

Average Time to Pay
72 days
Shortest Period:45 days
Longest Period:90 days
Max Contractual:120 days

Payment Timeline

Within 30 Days
12%
31-60 Days
16%
After 60 Days
72%
Not Paid Within Terms23%

Payment Features

Participates in Codes✗ No
E-Invoicing✗ No
Supply Chain Finance✗ No

Payment Score History

Excellent (80+) Good (60-79) Fair (40-59) Poor (20-39) Very Poor (<20)

Performance Reports History

Reporting Period Filed: 2024-05-15
Reporting PeriodFiling DateAverage Time to Pay (days)Paid within 30 daysPaid 31-60 daysPaid after 60 daysNot Paid within Terms
01 Oct 2022 - 31 Mar 202310 May 20237721%11%68%23%
02 Apr 2022 - 30 Sept 202207 Nov 20227523%12%65%21%
02 Oct 2021 - 01 Apr 202203 May 20227022%10%68%27%
03 Apr 2021 - 01 Oct 202123 Dec 20217212%19%69%27%
06 Nov 2020 - 02 Apr 202130 Apr 20217611%19%70%36%
30 Mar 2019 - 27 Sept 201924 Oct 20198010%21%69%15%

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

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?

No information available

Any other information about payment terms

No additional information

Maximum contractual payment period agreed

120

Dispute Resolution Process

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.

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.

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.

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.

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?

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

HALFORDS GROUP PLC is a UK-based company that operates in the automotive and cycling industries. The company offers a wide range of products and services, including car parts and accessories, bicycles, and maintenance and repair services.

The company has a strong focus on sustainability and has implemented various initiatives to reduce its environmental impact. This includes reducing carbon emissions, increasing the use of renewable energy, and promoting sustainable products.

HALFORDS GROUP PLC also offers a range of sustainable products, such as electric bikes and eco-friendly car cleaning products. They also have a recycling scheme for used car batteries and offer bike repair services to extend the life of bicycles.

The key people in HALFORDS GROUP PLC include Graham Stapleton, the CEO, and Loraine Woodhouse, the CFO. The company's registered office address is Icknield Street Drive, Washford West, Redditch, Worcestershire, B98 0DE, United Kingdom.

Customers can contact the company through their website, www.halfords.com, or by calling their customer service hotline. The company also has a presence on social media platforms such as Facebook, Twitter, and LinkedIn, where customers can stay updated on their latest products and initiatives.

In summary, HALFORDS GROUP PLC is a leading company in the UK automotive and cycling industries with a strong focus on sustainability. They offer a wide range of products and services, and their commitment to reducing their environmental impact sets them apart from their competitors.

Financial Metrics

Cash
£41,900,000
Net Worth
£80,800,000
Total Current Assets
£443,800,000
Total Current Liabilities
£462,200,000

Company Location