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 |
|---|---|---|---|---|---|---|
| 26 Dec 2022 - 02 Jul 2023 | 27 Jul 2023 | 50 | 38% | 45% | 17% | 54% |
| 27 Jun 2022 - 25 Dec 2022 | 17 Jan 2023 | 33 | 75% | 20% | 5% | 38% |
| 27 Dec 2021 - 26 Jun 2022 | 22 Jul 2022 | 32 | 74% | 20% | 6% | 40% |
| 28 Jun 2021 - 26 Dec 2021 | 27 Jan 2022 | 39 | 73% | 17% | 8% | 43% |
| 28 Dec 2020 - 27 Jun 2021 | 05 Aug 2021 | 39 | 73% | 14% | 12% | 45% |
| 29 Jun 2020 - 27 Dec 2020 | 26 Jan 2021 | 33 | 64% | 26% | 10% | 46% |
| 30 Dec 2019 - 28 Jun 2020 | 22 Jul 2020 | 26 | 73% | 22% | 6% | 36% |
| 01 Jul 2019 - 29 Dec 2019 | 17 Jan 2020 | 23 | 82% | 16% | 2% | 28% |
| 31 Dec 2018 - 30 Jun 2019 | 11 Jul 2019 | 21 | 85% | 14% | 1% | 31% |
| 02 Jul 2018 - 30 Dec 2018 | 28 Jan 2019 | 23 | 79% | 19% | 3% | 23% |
| 01 Jul 2017 - 31 Dec 2017 | 11 Jan 2018 | 18 | 75% | 22% | 3% | 25% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms are 60 days from invoice date. Payment runs are performed every two weeks and include all invoices which match an authorised and receipted Purchase order and are either due or will fall due within the week following
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
During the reporting period a company restructure impacted the purchase ledger team which resulted in delays to invoice processing and payment. New ways of working and new team members are now in place to ensure more prompt payment going forwards
Maximum contractual payment period agreed
90
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. The main point of contact for disputes is Accounts Payable team. To resolve a dispute, the supplier is required to provide any missing information, corrected invoice or credit note.
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
HOTEL CHOCOLAT RETAIL LTD is a company, based in the East of England region.
From Companies House records.