| 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 2022 - 31 Dec 2022 | 13 Mar 2023 | 66 | 5% | 38% | 56% | 38% |
| 01 Jan 2022 - 30 Jun 2022 | 05 Aug 2022 | 72 | 18% | 30% | 52% | 48% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 63 | 19% | 33% | 48% | 47% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 61 | 21% | 36% | 43% | 34% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 56 | 25% | 40% | 35% | 36% |
| 01 Jan 2020 - 30 Jun 2020 | 30 Jul 2020 | 56 | 21% | 45% | 34% | 46% |
| 01 Jul 2019 - 31 Dec 2019 | 30 Jan 2020 | 58 | 18% | 49% | 33% | 43% |
| 01 Jan 2019 - 30 Jun 2019 | 16 Aug 2019 | 51 | 30% | 40% | 30% | 39% |
| 01 Jul 2018 - 31 Dec 2018 | 29 Jan 2019 | 46 | 31% | 46% | 23% | 42% |
| 01 Jan 2018 - 30 Jun 2018 | 08 Aug 2018 | 51 | 32% | 41% | 27% | 35% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Cend International’s standard payment terms are: Stock: Typically 60 days from the end of the month in which a tax invoice is received. Non-stock: Typically 30 days from the end of the month in which a tax invoice is received. The Company trades with a limited number of suppliers on proforma payment terms due to legacy trading arrangements or those relationships established due to acquisition. The Company works flexibly with suppliers to ensure agreed terms are acceptable for both parties.
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
Supplier queries and disputes are to be sent to the Accounts Payable department at the following email addresses: Stock - APSupplierServices@thehutgroup.com, Non-stock - OHinvoices@thehutgroup.com. Stock suppliers have allocated representatives who will liaise internally with the relevant buying team and/or warehouse in order to resolve the query. Non-stock suppliers’ queries and disputes are dealt with by a dedicated ‘Overheads’ team. Emails are usually responded to within two working days. If disputes cannot be resolved by the Accounts Payable department they are escalated within the business as appropriate.
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
CEND INTERNATIONAL LIMITED is an active private limited company, incorporated on 15 August 2013, based in the North West region. Registered business activity: Other retail sale not in stores, stalls or markets.
From Companies House records.