| 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 2019 - 30 Sept 2019 | 14 Oct 2019 | 88 | 5% | 10% | 85% | 0% |
| 01 Oct 2018 - 31 Mar 2019 | 25 Jun 2019 | 70 | 0% | 10% | 90% | 0% |
| 01 Apr 2018 - 30 Sept 2018 | 26 Oct 2018 | 74 | 0% | 10% | 90% | 0% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
60 days EOM.
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
90
Disputes are resolved amicably and promptly with suppliers involving the purchasing and finance departments
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
Howco Group Plc, registered in Scotland since 1982, is the parent company of the Howco group, which manufactures and distributes high performance alloys and components for demanding industrial environments. The group supplies materials such as low alloy steels, nickel alloys and stainless, duplex and super duplex grades, alongside integrated services including deep hole boring, forging, heat treatment, CNC machining, welding and precision fabrication. Its clients operate mainly in oil, gas, chemical processing, energy and aerospace sectors, requiring products that withstand extreme conditions. The group operates manufacturing and distribution facilities across multiple countries, positioning these close to customer hubs to limit downtime and service disruption. Howco Group Plc itself functions as the group's holding entity rather than an operating site.
Generated from the company's website and Companies House records. Sources: howcogroup.com · howcogroup.com