HENDERSON RETAIL LIMITED
Company Information
- Company Number
- R0000035
- Registered Address
- 9 Hightown Avenue, Ballywonard, Newtownabbey, BT36 4RT
- Status
- Active
Additional Details
- Company Type
- Private limited Company
- Incorporated On
- 19 February 1881
- Nature of Business
- 47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
Company Location
Financial Metrics
Time to Pay
Payment Timeline
Payment Features
Payment Time Trends
Payment Distribution Trends
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 Jul 2023 - 31 Dec 2023 | 30 Jan 2024 | 11 | 94% | 4% | 2% | 4% |
| 01 Jan 2023 - 30 Jun 2023 | 28 Jul 2023 | 12 | 95% | 4% | 1% | 3% |
| 01 Jul 2022 - 31 Dec 2022 | 30 Jan 2023 | 12 | 95% | 3% | 2% | 2% |
| 01 Jan 2022 - 30 Jun 2022 | 29 Jul 2022 | 12 | 96% | 3% | 1% | 3% |
| 01 Jul 2021 - 31 Dec 2021 | 31 Jan 2022 | 13 | 96% | 3% | 1% | 1% |
| 01 Jan 2021 - 30 Jun 2021 | 29 Jul 2021 | 13 | 96% | 2% | 2% | 1% |
| 01 Jul 2020 - 31 Dec 2020 | 29 Jan 2021 | 12 | 96% | 2% | 2% | 2% |
| 01 Jan 2020 - 30 Jun 2020 | 29 Jul 2020 | 12 | 96% | 3% | 1% | 3% |
| 01 Jul 2019 - 31 Dec 2019 | 28 Jan 2020 | 14 | 96% | 2% | 2% | 2% |
| 01 Jan 2019 - 30 Jun 2019 | 26 Jul 2019 | 14 | 96% | 2% | 2% | 3% |
| 01 Jul 2018 - 31 Dec 2018 | 30 Jan 2019 | 13 | 96% | 2% | 2% | 5% |
| 01 Jan 2018 - 30 Jun 2018 | 30 Jul 2018 | 14 | 95% | 3% | 2% | 5% |
Company Summary
Henderson Retail Limited is a British retail company that operates a chain of grocery and convenience stores across Northern Ireland
The company was founded in 1897 and is headquartered in Newtownabbey, Northern Ireland
The main focus of Henderson Retail Limited is on providing high-quality products and services to its customers while also maintaining a strong commitment to sustainability
The company has implemented several initiatives to reduce its environmental impact, such as using renewable energy sources, reducing waste, and promoting sustainable practices throughout its supply chain
Henderson Retail Limited offers a wide range of products and services, including fresh produce, groceries, household items, and fuel at its stores
The company also has an online shopping platform, allowing customers to conveniently shop from the comfort of their homes
The key people of Henderson Retail Limited include the Chairman, John Agnew, and the Managing Director, Patrick Doody
They lead a team of dedicated employees who are committed to delivering exceptional customer service and upholding the company's values
To contact Henderson Retail Limited, customers can visit their website at www.henderson-group.com or reach out to their registered office at 100 Airport Road West, Belfast, BT3 9EZ, United Kingdom
With its strong focus on sustainability and commitment to providing quality products and services, Henderson Retail Limited continues to be a trusted and well-respected retailer in the UK
Company Review
Trend Analysis
The average time taken for HENDERSON RETAIL LIMITED to pay invoices has been consistently decreasing from 14 days in 2018 to 11 days in 2023. The percentage of invoices paid within 30 days has also remained consistently high at 94-96% throughout the period. There has been a slight increase in the percentage of invoices paid later than 60 days in 2023 compared to previous years.
Volatility Analysis
The company has shown a stable trend in paying invoices within a short period of time, with the average payment time varying by only 3 days throughout the period. The volatility analysis shows that the company has consistently paid a high percentage of invoices within 30 days, with only a slight fluctuation of 2-3% over the years.
Summary Analysis
Overall, HENDERSON RETAIL LIMITED has maintained a strong record of paying invoices within a short period of time. The average time taken to pay invoices has consistently improved from 14 days in 2018 to 11 days in 2023. The company has also consistently paid around 95-96% of invoices within 30 days. However, there has been a slight increase in the percentage of invoices paid later than 60 days in 2023 compared to previous years.
Invoice Payment Practices
This information is as reported by the business, and responses are in their own words.
Payment Terms
Standard payment terms
It is company policy to negotiate payment terms with individual suppliers. Payment terms will either be a certain number of days after invoice or on a certain day of the month or months following invoice date.
Were there any changes to the standard payment terms in the reporting period?
No
Any other information about payment terms
The overwhelming majority of invoices are settled by Direct Debit.
Maximum contractual payment period agreed
86
Dispute Resolution Process
Queries are dealt with in the first instance by the Accounts Payable Team. in the event that the Accounts Payable Team cannot resolve a dispute, it will be escalated to the relevant Head of Department/Account Manager.
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?
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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