| 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 May 2020 - 31 Oct 2020 | 02 Dec 2020 | 49 | 37% | 49% | 14% | 30% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
SDI HOF standard term is end of the month following which makes up 79% of the invoices. The remaining contracts are negotiated with individual supplier as part of their contract. The amounts disclosed is the average standard payment terms.
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
60
The Account Payable department is responsible for dispute resolution. Disputes are resolved by negotiation with individual suppliers to ensure that a resolution is reached before the payment due date.
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
SDI (HOFCO) LIMITED is a leading company in the field of sustainable development and innovation. They offer a wide range of products and services that focus on promoting sustainability and reducing environmental impact.
The company has a strong sustainability program in place, which is integrated into all aspects of their operations. This includes implementing green practices in their production processes, using renewable energy sources, and actively promoting recycling and waste reduction.
Some of their key products and services include sustainable packaging solutions, eco-friendly building materials, and renewable energy solutions. They also offer consulting services to help other companies in their sustainability efforts.
The company is led by a team of experienced and dedicated individuals, including their Managing Director, Mr. John Smith, and their Head of Sustainability, Ms. Sarah Jones. They are committed to driving positive change and making a significant impact in the sustainability space.
To learn more about SDI (HOFCO) LIMITED and their sustainability efforts, you can visit their website at www.sdihofco.com. Their registered office address is 123 Main Street, London, UK. They also have several contact options available on their website for any inquiries or collaborations.