CHRIST'S HOSPITAL
Company number: 06232556
Reporting period:
1 September 2018 to 28 February 2019
Report filed on:
28 March 2019
Approved by:
Andrew Gordon
Payment statistics
Average time taken to pay invoices: 26 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 20%
- in 61 days or more: 7%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 27%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
Majority of our suppliers are on 30 day payment terms. Certain smaller, sole trader suppliers are on 14 day payment terms where agreed. In very exceptional circumstances immediate payment is agreed eg for employee expense claims.
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
30 days
N/A
Any other information about payment terms
N/A
Dispute resolution process
In the first instance disputes/ complaints are raised with the purchase ledger supervisor who refers to the head of department responsible for authorising the invoice. Typically disputes are resolved within 5 working days. If not resolved the dispute complaint is escalated to the Finance Director.
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