CORIN ORTHOPAEDICS HOLDINGS LIMITED
Company number: 08138559
Reporting period:
1 July 2018 to 31 December 2018
Report filed on:
1 February 2019
Approved by:
Victoria Silvester
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 25%
- in 31 to 60 days: 75%
- in 61 days or more: 0%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 75%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
14 days
Standard payment terms
This is an investment company and the costs relate to acquisition costs and therefore are not regular suppliers. Therefore, payment terms will vary depending on the supplier.
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
14 days
No further comment provided
Any other information about payment terms
This is an investment company that has few transactions. The transactions are related to acquisitions costs. Therefore, although payments are between 0-14 days, they are generally not paid until completion.
Dispute resolution process
First point of contact for disputes is the purchasing department. They will work with the supplier and relevant department manager to solve the issue.
Once the issues has been resolved, the supplier will need to provide any missing information or a corrected invoices before 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 Fair 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