| 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 Nov 2018 - 30 Apr 2019 | 10 Oct 2019 | 71 | 25% | 27% | 48% | 21% |
| 01 May 2018 - 31 Oct 2018 | 30 Nov 2018 | 53 | 26% | 41% | 33% | 13% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard payment terms vary between 30 days, 60 days and 90 days.
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
In the first instance, a dispute is dealt with by the Purchase ledger staff. If the query is not then resolved, it is then passed on to the Finance Director.
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
HGF Limited is a UK entity within the HGF Group, a European intellectual property firm operating patent and trade mark attorney services. The group assists clients with preparing, protecting, and enforcing intellectual property, covering patents, trade marks, designs, copyright and trade secrets, alongside related legal services such as IP litigation, oppositions and appeals, portfolio management and due diligence. It works across sectors including chemistry, life sciences, technology and engineering, energy, healthcare and finance, serving corporates, SMEs and universities. The group traces its history to 1995, with HGF LLP converting to a limited company in 2014, and now operates across offices in several European countries including the UK, Ireland, Germany, Switzerland and the Netherlands.
Generated from the company's website and Companies House records. Sources: hgf.com · hgf.com