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TOGETHER FOR CHILDREN SUNDERLAND LIMITED

Company number: 10085290

Reporting period:
1 April 2019 to 30 September 2019

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

This report was filed on 21 October 2019

and approved by Steve Renwick

Payment statistics

Average time taken to pay invoices: 5 days

Invoices paid:

• within 30 days: 96%
• in 31 to 60 days: 2%
• in 61 days or more: 2%

Invoices due but not paid within agreed terms: 2 %

Payment terms

Standard payment period for qualifying contracts

5 days

Standard payment terms

5 days

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

The Company aims to pay all undisputed invoices within 5 days from the date of invoice, however there are some vendors which are setup for immediate payment or others with 30 day contracted payment terms. The agreed formal payment terms for reporting and monitoring purposes is 30 days.

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.

Yes – Prompt Payment Code

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