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Their own payment-practices filing · gov.uk

HFC Prestige Products Limited paid suppliers in 13 days on average — inside its 120-day stated terms

CRN 00923687 · 4 statutory reports on record · period to 30 Jun 2019

Dated record. The latest report covers a period ending 30 Jun 2019 and the company hasn’t filed since (it may have dropped below the reporting threshold). Treat the figures as historical.
13daysavg time to pay · H1 2019

Their H1 2019 filing put the average 107 days inside their stated 120-day term.

Their stated terms
120 days
Paid outside agreed terms
100% of invoices
Paid after 61+ days
0%
Reporting period
1 Jan 2019 – 30 Jun 2019
Source
their gov.uk filing, filed 15 Aug 2019

Self-reported figures from their statutory filing. How this is compiled.

Terms vs reality · their H1 2019 filing

Paid 107 days inside the 120-day term they state

The pattern · last 4 of 4 reports

29 → 13 days — faster across the window

The read · computed from their figures

HFC Prestige Products Limited's H1 2019 filing put their average at 13 days against stated terms of 120 days; 100% of invoices were paid outside agreed terms and 0% took 61 days or longer. Filed 15 Aug 2019.

The direction is faster: from 29 days in H2 2017 to 13 now — 16 days faster across their last 4 reports.

That is 4 statutory periods on record (earliest H2 2017) — a historical record, not a promise for a new invoice.

In their own words · from the filing

Standard payment terms

For 3rd party suppliers the standard payment terms are 120 days. Intercompany payments on immediate payment terms.

Dispute resolution

The firm has a dedicated Finance Service Desk, which is reachable by phone and email. Vendors with invoice queries need to contact this team and if the service desk team is not able to resolve they escalate the issue to the Accounts Payable team. The Accounts Payable team will reach out to the invoice contact if not clear from the system why the invoice has not been approved for payment. If resolution is still not possible then the standard process is to be followed per the UK Terms & Conditions (for Goods and Services) as referenced above.

Other information

The higher than usual percentage of ‘Invoices due but not paid within agreed terms’ is due to the late payment of certain high value intercompany invoices that are on immediate payment terms. Following the merger with the P&G Beauty business, the next step in the local integration journey, has been to simplify the way the UK business interacts with its customers. The restructuring has enabled customers to order the full range of the Coty group divisional product portfolio in a single order, which in turn can be shipped and billed with a single invoice. As a result of this following the year end the group has transferred the trade and assets of the company to another UK group company on the 1st September 2018.

Every statutory report on record

Most recent first.

PeriodAvg daysOutside terms61+ daysFiled
H1 201913100%0%15 Aug 2019
H2 20181670%0%25 Jun 2019
H1 20183146%11%1 Aug 2018
H2 20172953%12%18 Jun 2018

Quick answers · HFC Prestige Products Limited

Are they getting slower or faster?
Their reported average has moved about 16 days faster over the window (29 → 13 days).
What's their typical pay point?
Their latest filed report put the average at day 13; across their last 4 reports it ranged 13–31 days. Treat that as a historical reference point, not a promise for a new invoice.
Can I see what this means for my invoices?
Run the live check — it re-reads their record and their live Companies House file, on the amount you invoice.
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How UK payment reporting works

What is a Payment Practices Report?
UK companies and LLPs above a size threshold — broadly, two of: turnover over £54m, balance sheet over £27m, or more than 250 employees — must report twice a year, under the Reporting on Payment Practices and Performance Regulations 2017, how quickly they actually pay suppliers: the average time to pay, the share of invoices paid in 30 days or fewer, 31 to 60 days and 61 days or longer, and their standard payment terms. Those thresholds apply to financial years beginning on or after 6 April 2025; for earlier financial years they were £36m and £18m, with the same 250-employee test.
What does "paid outside agreed terms" mean?
The share of invoices paid later than the terms in the supplier contract. If terms are 30 days and an invoice is paid on day 45, it counts as paid outside terms, regardless of the headline average.
How often is this data updated?
Each report covers a six-month period and must be filed within 30 days of that period ending, so a company's record refreshes roughly twice a year. PaidLate re-reads the register as new reports are filed.
Is this official government data?
The underlying payment figures come from the company's own statutory filings on the gov.uk payment-practices service; company-status data comes from Companies House. PaidLate calculates trends, comparisons and summaries from those records. It does not use surveys or credit-agency scores.

How this is compiled. Built from official records only: Companies House and the gov.uk payment-practices service. The payment figures are self-reported — companies over the size threshold must file them by law and the board signs them off. No credit-agency data. The numbers are theirs; the plain-English read is ours. This is information compiled from public records under the Open Government Licence v3.0 — not a credit rating and not advice.

The 31-day comparison figure is the median across 6,104 companies with a current statutory report — every sector pooled, not an average of sector medians (how the figure is built).

Report PL-00923687 · latest period to 30 Jun 2019

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