| 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 2024 - 30 Jun 2024 | 19 Jul 2024 | 55 | 58% | 21% | 21% | 22% |
| 01 Jul 2023 - 31 Dec 2023 | 25 Jan 2024 | 55 | 58% | 21% | 21% | 22% |
| 01 Jan 2023 - 30 Jun 2023 | 27 Jul 2023 | 58 | 42% | 32% | 26% | 31% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 50 | 40% | 26% | 34% | 30% |
| 01 Jan 2022 - 30 Jun 2022 | 25 Jul 2022 | 32 | 76% | 10% | 14% | 19% |
| 01 Jul 2021 - 31 Dec 2021 | 28 Jan 2022 | 33 | 62% | 23% | 15% | 7% |
| 01 Jan 2021 - 30 Jun 2021 | 26 Jul 2021 | 23 | 75% | 19% | 6% | 12% |
| 01 Jan 2020 - 30 Jun 2020 | 23 Jul 2020 | 27 | 69% | 10% | 21% | 12% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 24 | 73% | 24% | 3% | 11% |
| 01 Jan 2019 - 30 Jun 2019 | 17 Jul 2019 | 27 | 88% | 6% | 6% | 4% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 27 | 68% | 27% | 5% | 8% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
N/A
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 a dispute between HVG and the supplier a complaint can be raised to the finance department within HVG who will contact the responsible manager. The finance department and supplier have to reach agreement within a reasonable period. A reasonable period is defined by the parties involved. If the dispute is not resolved the supplier shall escalate the dispute to a senior representative of the supplier and the HVG manager shall escalate the dispute to the Board of HVG in order to resolve and settle the dispute between parties within a reasonable time (after consultation with the legal department of HVG). If a settlement cannot be met, the matter may be referred to the court of Rotterdam in the Netherlands, unless parties have agreed otherwise or have indicated another competent court, based on the agreement between the supplier and HVG, the applicable and agreed general terms and conditions and the rules of private international law.
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
HVG LAW LLP is an active limited liability partnership, incorporated on 17 March 2008, based in the London region.
From Companies House records.