NIGHTINGALE HAMMERSON TRUSTEE COMPANY LIMITED
Company number: 07990530
1 October 2018
to 31 March 2019
This report was filed on 29 July 2019
and approved by Nicky Wade
Average time taken to pay invoices: 20 days
- within 30 days: 86%
- in 31 to 60 days: 10%
- in 61 days or more: 4%
Invoices due but not paid within agreed terms: 14 %
Standard payment period for qualifying contracts
Standard payment terms
Payments to suppliers are made within a week of receipt and invoice being authorised internally. The standard payment period is 30 days unless other terms have been agreed with the supplier.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
In case of a supplier's complaint, it will be passed on to the Senior Management Accountant to respond within 3 working days of the receipt of the complaint. If the complaint cannot be resolved, it will be escalated to the Director of Finance and IT for review.
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?