GOV.UK
PLYMOUTH CAST
Company number: 08438686
Reporting period:
1 September 2017
to 28 February 2018
Warning
This information is as reported by the business, and responses are in their own words.
This report was filed on 23 April 2018
and approved by Karen Cook
Payment statistics
Average time taken to pay invoices: 54 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 46%
- in 61 days or more: 24%
Invoices due but not paid within agreed terms: 70 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
30 days from receipt of invoice
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
31 days
Any other information about payment terms
The Trust implemented a new financial system in Sept 2017, including a change of address for suppliers to submit invoices. Whilst the Trust is committed to paying suppliers to agreed payment terms, there have been delayed payments while the new system has been implemented and embedded in the organisation.
Dispute resolution process
Complaints should be logged with the CAST central finance department for investigation and response.
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