ASPEN HEALTHCARE LIMITED
Company number: 03471084
1 July 2019
to 31 December 2019
This report was filed on 30 January 2020
and approved by Fiona Barber
Average time taken to pay invoices: 48 days
- within 30 days: 7%
- in 31 to 60 days: 67%
- in 61 days or more: 26%
Invoices due but not paid within agreed terms: 93 %
Standard payment period for qualifying contracts
Standard payment terms
The standard payment terms are 30 days from the date of the invoice.
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
We attempt to resolve disputes within one week. The initial point of contact is accounts payable and finance assistant. Finance management is notified if escalation of the matter is required. To resolve a dispute, the supplier is required to provide any missing information or a corrected invoice.
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?