Ranked in 2 industries
This company is listed under more than one industry, so we show its position in each rather than picking one.
HART BUILDERS (EDINBURGH) LIMITED has shown a consistent decrease in the average time taken to pay invoices over the past three periods. The company has also improved in paying invoices within 30 days and decreased the percentage of invoices paid later than 60 days. However, the percentage of invoices paid between 31-60 days has remained relatively stable.
HART BUILDERS (EDINBURGH) LIMITED has shown a decrease in volatility for all categories over the past three periods, indicating a more consistent payment pattern. The largest decrease in volatility was seen in the percentage of invoices paid later than 60 days.
| 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 Apr 2020 - 30 Sept 2020 | 25 Jan 2021 | 33 | 46% | 46% | 8% | 28% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Purchase ledger (supplier payments) – Our standard payment terms are ‘net monthly’, being payment to the supplier by the end of month following the month of invoice. There were no changes to the standard payment terms in the reporting period. The purchase ledger administers a variety of terms including 7,30 and 45 days. Sub-contract ledger – Our standard payment terms are 42 days from valuation date. There were no changes to the standard payment terms in the reporting period.
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
45
Purchase ledger (supplier payments) – Complaints or concerns relating to disputes about payments should be directed in writing or email to the Purchase Ledger team at Cruden House, 36 South Gyle Crescent, Edinburgh, EH12 9EB. The dispute can be escalated to the Finance Director if required. Sub-contract ledger – Complaints or concerns relating to disputes about payments should be in the first instance communicated to the Commercial Department in writing or email. If concern/ dispute is unresolved it should be directed in writing or email to the Commercial Department at Cruden House, 36 South Gyle Crescent, Edinburgh, EH12 9EB. The dispute can be escalated to the Commercial Director or Finance Director if required.
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
Hart Builders (Edinburgh) Limited is a Scottish construction company, registered since 1954 and based in the Edinburgh area. Its registered business activity is the construction of domestic buildings, indicating it operates as a housebuilder or residential building contractor. Directory listings associate the company with construction-related products and services, including plant hire and civil engineering supplies, though these appear linked to the wider trade network rather than services it directly provides. The company remains active on the Companies House register. Limited independent detail is available beyond its registered classification and location, but the evidence consistently identifies it as operating within the residential construction sector in Scotland.
Generated from the company's website and Companies House records. Sources: theconstructionindex.co.uk