HF GROUP LIMITED exhibits an average payment time of 47 days, with the majority of payments (61%) consistently falling within the 31-60 day window. This trend indicates a trajectory towards extended payment cycles, rather than prompt settlements within 30 days, which only account for 21% of transactions.
The company presents a moderate level of payment volatility, evidenced by a 27% late payment rate and 18% of payments extending beyond 60 days. This indicates reduced predictability regarding timely payments, posing a notable risk for suppliers reliant on strict payment schedules.
Suppliers should anticipate an average payment duration of approximately 47 days and prepare for a significant minority of payments to be late. It is recommended to establish clear credit terms, monitor outstanding invoices closely, and consider negotiating alternative payment structures or shorter terms to mitigate cash flow risks.
| 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 2024 - 30 Sept 2024 | 24 Feb 2025 | 48 | 19% | 62% | 19% | 29% |
| 01 Oct 2023 - 31 Mar 2024 | 25 Jun 2024 | 47 | 21% | 61% | 18% | 27% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
Our standard payment terms are 30 days end of month but they do vary from immediate payment to 60 days end of month. Payment terms are generally aligned with client payment terms and agreed with individual supplier and subcontractors.
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
We endeavour to pay all our suppliers / subcontractors on time and are committed to resolving disputes quickly. We perform monthly purchase ledger reconciliations to ensure we have all our supplier and subcontractor invoices on the ledger. HF believe in building a strong working relationship with our supply chain which should be beneficial if a dispute arises. Where a resolution is not obtained within a reasonable timescale there is an escalation process where the dispute is passed to our procurement management or relevant member of the senior management team to engage with the supplier / subcontractor and come to an agreement. If senior management are unable to resolve the dispute, it is passed to the Finance Director to resolve.
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
HF GROUP LIMITED operates as a private limited company. Its name suggests it functions as part of a larger business group or manages diverse business interests.
This active company was incorporated on 20 February 2007 under company number SC316875. Its registered office is situated at 100 Albert Drive, Glasgow, Lanarkshire, G41 2SJ.
As a private limited company designated as a "Group", HF GROUP LIMITED is legally structured to engage in a broad spectrum of lawful business activities. This structure typically allows for the oversight of diverse operations, the management of assets, or functioning as a parent entity for subsidiary companies within the UK market.