| 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 |
|---|---|---|---|---|---|---|
| 31 Dec 2017 - 30 Jun 2018 | 30 Jul 2018 | 39 | 32% | 55% | 13% | 4% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
30 days payment on following Friday
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
90
Every effort is made to ensure that in the event that a document is disputed, resolution is sought prior to the document being due for payment. Should this not be possible and payment is impacted, suppliers are kept up to date on the progress of the document when queried and and once resolved payment actioned on the next applicable 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
HMV RETAIL LIMITED is a dissolved private limited company, incorporated on 29 January 2013, based in the London region. Registered business activity: Retail sale of music and video recordings in specialised stores.
From Companies House records.