| 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 Dec 2024 - 31 May 2025 | 01 Jul 2025 | 46 | 57% | 32% | 11% | 29% |
| 01 Jun 2024 - 30 Nov 2024 | 01 Apr 2025 | 44 | 53% | 35% | 12% | 36% |
| 01 Dec 2023 - 31 May 2024 | 08 Jul 2024 | 40 | 64% | 26% | 10% | 30% |
| 01 Jun 2023 - 30 Nov 2023 | 10 Jan 2024 | 38 | 70% | 22% | 8% | 29% |
| 01 Dec 2022 - 31 May 2023 | 10 Jul 2023 | 32 | 64% | 30% | 6% | 40% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
The business' standard payment terms for our suppliers is 30 days from the date that the invoice is received. In special circumstances, the payment terms can be negotiated.
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
N/A
Maximum contractual payment period agreed
60
Disputes are resolved as per the dispute resolution clause in each contract and always through open and honest communications, between the supplier and H&M.
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.
❌
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
H&M Hennes & Mauritz UK Services Limited is a multinational fashion retailer that operates in the UK. The company is part of the H&M Group, which is known for its fast-fashion clothing and accessories.
The company's sustainability program, "H&M Conscious," focuses on minimizing the environmental impact of its operations and products. This includes using sustainable materials, reducing greenhouse gas emissions, and promoting responsible labor practices. H&M also has a recycling initiative, where customers can bring in their old clothes and receive a discount on their next purchase.
H&M offers a wide range of affordable and trendy clothing for men, women, and children. They also have a home collection, which includes home decor and textiles. The company collaborates with various designers and celebrities to create limited edition collections, making their products even more desirable.
The key people at H&M Hennes & Mauritz UK Services Limited include CEO Karl-Johan Persson and Head of Sustainability Anna Gedda. They are committed to making H&M a sustainable and responsible business.
The company's website, www.hm.com, offers online shopping, as well as information on their sustainability efforts and latest collections. The registered office address for H&M Hennes & Mauritz UK Services Limited is 1st Floor, 25 Argyll Street, London, W1F 7TS. Customers can also contact H&M through their customer service hotline or by email.