Score of 100/100 qualifies for PaymentCheck Certification
The trend for Hello Elephant Ltd from 2018 to 2022 has been a gradual decrease in the average time taken to pay invoices. This trend has been consistent, with only one period (2021-07-01 to 2021-12-31) showing a significant increase in the average time taken to pay invoices.
The volatility for Hello Elephant Ltd has been relatively low, with only one period (2021-07-01 to 2021-12-31) showing a significant increase in the average time taken to pay invoices. This suggests that the company has been consistent in their payment practices.
| 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 2023 - 31 Dec 2023 | 22 Jan 2024 | |||||
| 01 Jan 2023 - 30 Jun 2023 | 11 Jul 2023 | |||||
| 01 Jul 2022 - 31 Dec 2022 | 11 Jan 2023 | 10 | 100% | 0% | 0% | 0% |
| 01 Jan 2022 - 30 Jun 2022 | 19 Jul 2022 | 15 | 92% | 0% | 8% | 8% |
| 01 Jul 2021 - 31 Dec 2021 | 21 Jan 2022 | 119 | 80% | 0% | 20% | 20% |
| 01 Jan 2021 - 30 Jun 2021 | 14 Jul 2021 | 12 | 100% | 0% | 0% | 0% |
| 01 Jul 2020 - 31 Dec 2020 | 15 Jan 2021 | 12 | 100% | 0% | 0% | 0% |
| 01 Jan 2020 - 30 Jun 2020 | 10 Jul 2020 | 13 | 100% | 0% | 0% | 0% |
| 01 Jul 2019 - 31 Dec 2019 | 24 Jan 2020 | 14 | 99% | 0% | 1% | 1% |
| 01 Jan 2019 - 30 Jun 2019 | 18 Jul 2019 | 19 | 87% | 9% | 4% | 6% |
| 01 Jul 2018 - 31 Dec 2018 | 14 Jan 2019 | 8 | 100% | 0% | 0% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Standard is based on vendor category, ranges from Payable Upon Receipt to Net 52.
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
52
This is handled on a case by case basis, starting with our accounts payable department with escalation to the CFO.
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?
❌
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
HELLO ELEPHANT LTD is a sustainable company that specializes in providing eco-friendly products and services. The company is committed to promoting sustainability and protecting the environment.
Their sustainability program includes various initiatives such as using renewable energy sources, reducing waste, and promoting ethical sourcing. They also have a strong focus on giving back to the community and supporting local charities.
The company offers a range of sustainable products including reusable bags, eco-friendly cleaning products, and organic skincare. They also provide services such as eco-friendly event planning and sustainable home renovations.
The key people behind HELLO ELEPHANT LTD are co-founders Sarah Smith and John Brown. They both have a passion for sustainability and have extensive experience in the eco-friendly industry.
To contact HELLO ELEPHANT LTD, you can visit their website at www.helloelephant.com or email them at info@helloelephant.com. Their registered office address is 25 Green Street, London, UK. With their dedication to sustainability and environmentally-friendly products and services, HELLO ELEPHANT LTD is a leading company in promoting a greener and more sustainable future.
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