TUNSTALL HEALTHCARE (UK) LIMITED

Company number: 01332249

Reporting period:
1 October 2017 to 31 March 2018

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

This report was filed on 30 April 2018

and approved by Jon Furniss

Payment statistics

Average time taken to pay invoices: 45 days

Invoices paid:

within 30 days: 27%
in 31 to 60 days: 51%
in 61 days or more: 23%

Invoices due but not paid within agreed terms: 65%

Payment terms

Shortest standard payment periods

7 days

Longest standard payment period

90 days

Standard payment terms

60 days end of month

Were there any changes to the standard payment terms in the reporting period?

Answer not provided

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

90 days

Extended payment terms have been negotiated with a small number of key suppliers

Any other information about payment terms

N/A

Dispute resolution process

Where a dispute arises with a Supplier invoice the supplier is advised within 7 days of receipt. The query detail is stored on the AP DocuWare Workflow system and a resolution is expected from the Supplier within 14 days of advising. If not resolved to both parties satisfaction within this period it will be escalated to senior management for a decision.

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, 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.

Yes

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.

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?