HUSCO INTERNATIONAL PARTNERS LLP
Company Information
- Company Number
- OC401166
- Registered Address
- 6 Rivington Road, Whitehouse Industrial Estate, Runcorn, Cheshire, United Kingdom, WA7 3DT
- Status
- Active
- Employee Count
- 222
- Turnover
- £45,853,000
- EBITDA
- £3,249,000
Additional Details
- Website
- https://husco.com/
- Company Type
- Limited liability partnership
- Incorporated On
- 5 August 2015
- Industries
- Manufacturing, Raw Materials And Intermediate Goods
- Region
- North West
Time to Pay
Payment Timeline
Payment Features
Payment Score History
Company Review
Trend Analysis
The average payment time of 42 days, coupled with 35% of payments extending beyond 60 days, clearly indicates a trend towards extended payment cycles. Only 39% of invoices are paid within standard 30-day terms, suggesting a consistent trajectory of slower payments for suppliers.
Volatility Analysis
Payment reliability is low, with 51% of payments classified as late and a substantial 35% settling after 60 days. This wide spread in payment timing, from 39% on-time to 35% very late, makes payment predictability challenging and introduces significant cash flow risk for suppliers.
Summary Analysis
Suppliers should approach HUSCO INTERNATIONAL PARTNERS LLP with caution due to the high likelihood of delayed payments. Key decision factors include the 42-day average payment time and the considerable 51% late payment rate. Mitigate risk by considering shorter payment terms, partial upfront payments, or incorporating working capital costs into pricing.
Performance Reports History
| 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 | 09 Jul 2024 | 42 | 39% | 26% | 35% | 51% |
| 01 Jul 2023 - 31 Dec 2023 | 19 Feb 2024 | 48 | 30% | 33% | 37% | 58% |
Payment Time Trends
Payment Distribution Trends
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
Our standard / default payment terms are 60 days EOM. We run one monthly payment run which is at the beginning of every month, so the majority of our suppliers are paid within 6 days of the EOM.
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
90
Dispute Resolution Process
We will liaise with our purchasing team along with the suppliers to ensure resolution is met. If invoices are queried, Purchasing normally let the supplier know about the dispute and we will also reply to the finance contacts regarding the query.
Other Payment Information
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
Company Summary
HUSCO INTERNATIONAL PARTNERS LLP is an active limited liability partnership. As an LLP with "International Partners" in its name, it operates as a business organisation focused on collaborative ventures, potentially with an international scope.
The organisation holds company number OC401166 and has been active since its incorporation on 5 August 2015. Its registered office is located at 6 Rivington Road, Whitehouse Industrial Estate, Runcorn, Cheshire, United Kingdom, WA7 3DT, placing its operations within the North West region of the UK.
Limited liability partnerships in the UK typically provide a structure for professional services, joint ventures, or collaborative business projects. This structure allows members to specialise in various fields, offering expertise in areas such as consultancy, advisory services, or other partnership-based business models.
