Score of 87.8/100 qualifies for PaymentCheck Certification
| 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 Jan 2022 - 30 Jun 2022 | 21 Jul 2022 | 27 | 83% | 11% | 6% | 0% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 31 | 74% | 22% | 4% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 19 Jul 2019 | 30 | 81% | 18% | 1% | 2% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our Standard Payment Terms are 60 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
60
In the event of an invoice is being disputed, payment will be withheld until the dispute is resolved. The Accounts Payable team shall first attempt to resolve the dispute with the supplier. Supplier may be required to provide missing information or update the invoice. If Accounts Payable team cannot resolve the dispute, the issue is then escalated to an appointed business handler who are then responsible for resolving any issues.
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
HUAWEI GLOBAL FINANCE (UK) LIMITED is a financial services company that operates in the United Kingdom and is a subsidiary of the global technology giant, Huawei Technologies Co. Ltd. The company provides a range of financial services, including loans, leasing, and insurance, to support the sales of Huawei's products and services.
The sustainability program of HUAWEI GLOBAL FINANCE (UK) LIMITED focuses on four main areas: environmental protection, responsible business practices, employee development, and social contribution. The company has implemented various initiatives, such as energy-efficient operations, responsible supply chain management, and employee training programs, to reduce its environmental impact and promote sustainability.
The products and services offered by HUAWEI GLOBAL FINANCE (UK) LIMITED are tailored to meet the financial needs of both individuals and businesses. These include consumer finance options, such as mobile phone financing, as well as corporate finance solutions, such as equipment leasing and trade finance. The company also offers insurance services to protect its clients' investments.
The key people at HUAWEI GLOBAL FINANCE (UK) LIMITED include the Managing Director, Mr. Richard Yu, and the Head of Finance, Ms. Linda Wang. They are supported by a team of experienced professionals who are committed to providing efficient and reliable financial services to their clients.
The registered office address of HUAWEI GLOBAL FINANCE (UK) LIMITED is 300 South Oak Way, Green Park, Reading, Berkshire, RG2 6UF, United Kingdom. The company's website is www.huaweiglobalfinance.co.uk, where interested individuals and businesses can find more information about their products and services.