SOMERSET CARE LIMITED
Company number: 02548025
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 4 April 2019
and approved by Gary Ridewood
Payment statistics
Average time taken to pay invoices: 37 days
Invoices paid:
- within 30 days: 48%
- in 31 to 60 days: 44%
- in 61 days or more: 8%
Invoices due but not paid within agreed terms: 51 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Somerset Care Ltd does not have standard payment terms written into contracts. Payments are made once a month either by BACs or cheque with the payment being received by the supplier on the last working day of the month. This payment run will pay all invoices correctly approved and on the system regardless of date.
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
There is no formal process for resolving disputes regarding payments; suppliers are directed to the relevant department for discussion.
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