GOV.UK
NOTTINGHAM REHAB LIMITED
Company number: 01948041
Reporting period:
1 April 2019
to 30 September 2019
This report was filed on 29 October 2019
and approved by John Makin
Payment statistics
Average time taken to pay invoices: 40 days
Invoices paid:
- within 30 days: 30%
- in 31 to 60 days: 51%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 50 %
Payment terms
Shortest standard payment period
30 days
Longest standard payment period
90 days
Standard payment terms
Payable 30 days from invoice date
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
Complaints regarding non-payment of invoices are handled by the accounts payable team, who will confirm that the invoice has been received, recently paid, is due for payment or on hold. If this does not resolve the query and/or the invoice is not available for payment (on hold), they will follow one of the following resolution routes.
(a) Invoices relating to stock purchases are compared to the purchase order. Where values do not match, they are placed on hold for our purchasing team to query with the supplier. Once the issue is resolved and a document to correct the difference is received, the invoices(s) will be cleared for payment.
(b) Invoices relating to non-stock items require approval from the requestor prior to being made available for payment. The requestor will deal directly with the supplier when discrepancies arise. Once any issues are resolved, the invoice(s) will be passed for payment.
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