THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC
Company number: 04508763
1 January 2019
to 30 June 2019
This report was filed on 3 January 2020
and approved by Ben Dean
Average time taken to pay invoices: 49 days
- within 30 days: 63%
- in 31 to 60 days: 18%
- in 61 days or more: 19%
Invoices due but not paid within agreed terms: 54 %
Shortest standard payment period
Longest standard payment period
Standard payment terms
- Hard Facilities Management invoices are invoiced during the contract month and are payable on the last day of the following month.- Soft Facilities Management invoices are invoiced in the contract month and is due the later of: the last day of the contract month or 10 business days after receipt of the invoice.- Medical Equipment Services invoices are due later of 15th day of the contract month the provider serves its invoice or 15 business days after receipt.- Majority of other invoices' payment terms are 30 days.
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
Dispute Resolution Procedure is set out in all major contracts with subcontractors. Additional queries will be dealt with directly with suppliers on an ad-hoc basis.
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?