Industry ranking
| 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 2021 - 31 Dec 2021 | 28 Jan 2022 | 36 | 21% | 76% | 3% | 20% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 42 | 27% | 63% | 10% | 21% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 47 | 18% | 73% | 9% | 58% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard terms are 30 days from invoice date however these terms do vary on occasion based on the individual agreements with suppliers
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
30
Payment disputes are initially reported to Accounts Payable where a member of the team will investigate the dispute with the account relationship holder. When required the dispute will be escalated to the Purchasing Director, Department Head or Director of Finance. Once resolved the supplier will be paid in accordance with its payment terms or if the invoice is past due then on the next payment run.
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
HPI UK HOLDING LTD. is an active private company limited by guarantee without share capital, incorporated on 20 October 2005, based in the London region. Registered business activity: Hotels and similar accommodation.
From Companies House records.