SEVACARE (UK) LIMITED
Company number: 03615347
Reporting period:
1 September 2018 to 28 February 2019
Report filed on:
17 April 2019
Approved by:
Darren Stapelberg
Payment statistics
Average time taken to pay invoices: 39 days
Invoices paid:
- within 30 days: 75%
- in 31 to 60 days: 15%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 30%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Payment will be made within one month of receipt of an invoice. The date of receipt of invoice will be deemed to be two Post Office working days after the date of posting by First Class Mail
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
60 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
Payment dispute from suppliers are ususally received via post or emailed at invoices@sevacare.org.uk. Upon receipt the outstanding balance is checked by Purchase Ledger and reported to Financial Controller. The Financial Controller will authorise payment to be made by BACS on the next weekly payment schedule.
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