GOV.UK
TURNING POINT
Company number: 00793558
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 17 April 2019
and approved by Helen Spice
Payment statistics
Average time taken to pay invoices: 22 days
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 4%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 6 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
Turning Point operates a no purchase order, no payment policy and will return invoices back to suppliers which do not quote a valid purchase order number. Please ensure you have registered on our supplier portal and have been given a purchase order before proceeding with any deliveries or providing a service. All invoices should be sent to accounts.payable@turning-point.co.uk or posted to Turning Point, Accounts Payable, The Exchange, 3 New York Street, Manchester M1 4HN. Please do not send invoices to any other email or postal address. An invoice will not be considered received unless it quotes a valid purchase order number and is addressed correctly.
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
We are committed to paying our suppliers in a timely manner and will seek to resolve any payment queries as quickly as possible. In the event that a dispute cannot be resolved by our Accounts Payable team, it would escalate in the first instance to relevant Operations Manager to seek a resolution. For queries relating to the supplier portal, please contact procurementhelpdesk@turning-point.co.uk
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