PETERBOROUGH PRISON MANAGEMENT HOLDINGS LIMITED
Company number: 04350294
Reporting period:
1 April 2019 to 30 September 2019
Report filed on:
4 February 2020
Approved by:
Chris Field
Payment statistics
Average time taken to pay invoices: 35 days
Invoices paid:
- within 30 days: 50%
- in 31 to 60 days: 39%
- in 61 days or more: 11%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 11%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
All invoices paid within 30 days providing they are not disputed or need to be agreed between relevant parties. SPV PFI project company which means many costs are pass-through and payment cannot be made until an agreement between our "supplier" and "customer".
Were there any changes to the standard payment terms in the reporting period?
No
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
30 days
No further comment provided
Any other information about payment terms
No further comment provided
Dispute resolution process
PFI SPV company.
All significant costs are pass-throughs and therefore disputes would be resolved between the "supplier" and "customer". Finance Manager of the SPV will mediate any dispute if necessary.
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 Fair Payment Code must commit to paying 95% of their invoices within 60 days.
No, this business has not signed up to a code of conduct or standards on payment practices.
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