Industry ranking
The trend for HARDING BROTHERS RETAIL LIMITED's average time to pay invoices has been fluctuating over the past three periods. In the first period, the company took an average of 70 days to pay invoices, which decreased to 53 days in the second period. However, in the third period, the data is missing for some reason. In the fourth period, the average time to pay increased to 67 days, followed by a slight decrease to 61 days in the fifth period. In the sixth period, there was a significant increase to 101 days, which then decreased to 84 days in the seventh period. In the eighth period, there was a sharp decrease to 42 days, followed by a slight increase to 50 days in the ninth period.
The volatility of HARDING BROTHERS RETAIL LIMITED's average time to pay invoices has been high, with fluctuations of up to 59 days between periods. The company's highest volatility was seen in the sixth period, with a difference of 39 days between the previous period. The lowest volatility was seen in the ninth period, with a difference of only 8 days from the previous 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 Jan 2022 - 30 Jun 2022 | 19 Aug 2022 | 50 | 31% | 48% | 21% | 55% |
| 01 Jul 2021 - 31 Dec 2021 | 09 Feb 2022 | 42 | 46% | 41% | 13% | 33% |
| 01 Jan 2021 - 30 Jun 2021 | 19 Aug 2021 | 84 | 64% | 11% | 25% | 60% |
| 01 Jul 2020 - 31 Dec 2020 | 03 Mar 2021 | 101 | 48% | 14% | 38% | 60% |
| 01 Jan 2020 - 30 Jun 2020 | 04 Sept 2020 | 69 | 14% | 14% | 72% | 93% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 61 | 17% | 21% | 63% | 90% |
| 01 Jan 2019 - 30 Jun 2019 | 05 Aug 2019 | |||||
| 01 Jul 2018 - 31 Dec 2018 | 15 Jan 2019 | 53 | 18% | 33% | 49% | 96% |
| 01 Jan 2018 - 30 Jun 2018 | 31 Jul 2018 | 70 | 7% | 30% | 63% | 99% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payments terms 90 days
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
90
The accounts payable team identify any disputes and determine whether its a quantity or price dispute. Disputes are escalated to the goods receiving team if quantity related or buying team if price related. Suppliers are contacted where required and are worked with through to resolution
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
Harding Brothers Retail Limited operates as Harding+, a cruise ship retail business with its UK central hub registered at the Avonmouth Way address in Bristol. The company runs onboard shops across more than 300 outlets on 88 ships worldwide, partnering with over 14 global cruise lines to sell duty free, luxury and everyday items to passengers. It describes itself as the world's largest cruise retailer, tailoring shopping experiences to each ship and guest profile, and also maintains offices in the USA and Australia to support its logistics and retail operations for cruise line partners.
Generated from the company's website and Companies House records. Sources: hardingretail.com · hardingretail.com · hardingretail.com