GOV.UK
RAPPORT HOUSING AND CARE
Company number: 00908333
Reporting period:
1 October 2017
to 31 March 2018
This report was filed on 19 April 2018
and approved by Jane Iley
Payment statistics
Average time taken to pay invoices: 25 days
Invoices paid:
- within 30 days: 84%
- in 31 to 60 days: 13%
- in 61 days or more: 3%
Invoices due but not paid within agreed terms: 16 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
The most frequently used payment terms for qualifying contracts is 30 days
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
The majority of our suppliers provide monthly statements which are checked and copies of missing invoices requested. These are passed to the relevant member of staff for authorisation and once received back payment is made without further delay. Should a supplier not provide statements but contact the Finance Department regarding an unpaid invoice, a copy would be requested and passed to the relevant Department for authorisation and processed for payment unless there is an outstanding query awaiting resolution.
Should there be an outstanding query on an invoice the Accounts Department would note this on the system and ask the authorising Department to keep them informed of progress until resolved; either by authorisation of the invoice for payment or by receipt of a full/partial credit note to correct the issue. Once resolved the relevant documentation would be entered on the finance system and payment made should this be due.
All suppliers are advised, in the first instance, to contact the Finance Department Purchase Ledger regarding unpaid invoices and are made aware of the telephone number to contact.
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
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