Ranked in 3 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 Jul 2021 - 31 Dec 2021 | 01 Feb 2022 | 68 | 91% | 5% | 4% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 20 Sept 2021 | 66 | 93% | 3% | 4% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 20 Sept 2021 | 69 | 89% | 3% | 8% | 0% |
| 01 Jan 2019 - 30 Jun 2019 | 30 Jul 2019 | 69 | 90% | 5% | 5% | 0% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 67 | 91% | 4% | 4% | 1% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 68 | 89% | 5% | 6% | 0% |
| 01 Jul 2017 - 31 Dec 2017 | 30 Jan 2018 | 69 | 87% | 5% | 7% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard Payment Terms 60 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
60
A complaint or concern is considered by the Accounts Payable department who will refer to the relevant internal department
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
Parker Hannifin Limited is a UK-registered company with the SIC classification for the manufacture of fluid power equipment. It was originally incorporated in April 2011 as Parker Hannifin UK Sales Limited before adopting its current name later that year. Companies House records show it as an active private limited company registered in Hemel Hempstead. The available evidence does not detail specific products or services beyond the official business classification, but the SIC code indicates involvement in producing fluid power equipment, such as hydraulic or pneumatic components, which are typically supplied as inputs into other manufacturers' machinery and equipment rather than sold directly as finished consumer goods.
Generated from the company's website and Companies House records. Sources: find-and-update.company-information.service.gov.uk