CEDAR CARE HOMES LIMITED
Company number: 03585946
Reporting period:
1 February 2019
to 31 July 2019
This report was filed on 27 August 2019
and approved by Ash Desai
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 35%
- in 31 to 60 days: 59%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 15 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
60 days
Standard payment terms
We pay suppliers at the end of the month following the month the invoice is dated.
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
60 days
Given the payment terms outlined above the maximum contractual payment period is 60 days.
Any other information about payment terms
N/A
Dispute resolution process
Payment disputes are resolved by emailing or telephoning our accounts team using the contact details given at the time we contract for services. We will work with a supplier to establish the facts of delivery, invoicing and payment. Our Directors will work with suppliers to understand resolve any disputes relating to the quantity, quality or valuation of goods and services provided and agree a settlement.
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