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ROYAL TRINITY HOSPICE

Company number: 02673845

Reporting period:
1 October 2018 to 31 March 2019


Warning This information is as reported by the business, and responses are in their own words.

This report was filed on 17 April 2019

and approved by Adrian Williams

Payment statistics

Average time taken to pay invoices: 25 days

Invoices paid:

Invoices due but not paid within agreed terms: 18 %

Payment terms

Shortest standard payment period

7 days

Longest standard payment period

30 days

Standard payment terms

Our standard payment terms are 30 days or contractual terms where they differ. Some utility firms or temp agencies require payment terms of less than 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

Invoice dispute resolutions are dealt with by the operational department purchasing the goods or services with support from the finance department. We do not have a dedicated purchasing department, given our size. We aim to have the dispute resolved before the due date of the invoice but this is not always the case.

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