GOV.UK
NHS PROPERTY SERVICES LIMITED
Company number: 07888110
Reporting period:
1 October 2018
to 31 March 2019
This report was filed on 3 May 2019
and approved by Mark Smith
Payment statistics
Average time taken to pay invoices: 66 days
Invoices paid:
- within 30 days: 43%
- in 31 to 60 days: 28%
- in 61 days or more: 29%
Invoices due but not paid within agreed terms: 69 %
Payment terms
Shortest standard payment period
0 days
Longest standard payment period
60 days
Standard payment terms
NHS Property Services' standard payment terms state the payment of third party invoices for goods and services will be made with 30 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
N/A
Any other information about payment terms
This report excludes balances due to other NHS bodies that were settled via reciprocal agreement through the government mandated Agreement of Balances mechanism.
This report reflects valid invoices due for payment, but excludes any invoices rejected or disputed.
In January 2019, NHS Property Services moved its professional payment process team to Stockport from London, in line with other NHS organisations, where we are now delivering full end-to-end Accounts Payable Services.
The transition of the processes included setting up a new operational excellence team that is dedicated to improving the end-to-end efficiency of internal processes and driving increased productivity. Working in collaboration with our suppliers, we are committed to further improving our payment practices.
Dispute resolution process
NHS Property Services is committed to our suppliers and to acting with integrity. We therefore endeavour to resolve all disputes in a fair and timely manner. We seek to resolve disputes by discussion and agreement with a supplier, managed by the dedicated accounts payable team.
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.
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.
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