NORTON HEALTHCARE LIMITED

Company number: 00947980

Reporting period:
1 July 2018 to 31 December 2018

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This report was filed on 30 January 2019

and approved by Steve Forrester-Coles

Payment statistics

Average time taken to pay invoices: 64 days

Invoices paid:

• within 30 days: 24%
• in 31 to 60 days: 41%
• in 61 days or more: 35%

Invoices due but not paid within agreed terms: 11%

Payment terms

Shortest standard payment periods

60 days

Longest standard payment period

Answer not provided

Standard payment terms

Standard payment terms are 60 days, paid on the following 10th or 25th of the month. We do have vendors on payment terms which are different to the standard

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

60 days

No further comment provided

Any other information about payment terms

N/A

Dispute resolution process

Invoices are sent to the PO requester or approver for review via the ERP system and discrepancies are raised with the vendor. Queries may also be advised to the Local Finance team, who would advise the vendor of the query and reason for non-payment

Other payment information

Has this business signed up to a code of conduct or standards on payment practices? If so, which?

For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.

No, this business has not signed up to a code of conduct or standards on payment practices.

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.

No

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.

No

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?

No

During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?

No