SOUTH COAST NURSING HOMES LIMITED
Company number: 01337123
Reporting period:
1 May 2019 to 31 October 2019
Report filed on:
3 March 2020
Approved by:
Patrick Colville
Payment statistics
Average time taken to pay invoices: 21 days
Invoices paid:
- within 30 days: 78%
- in 31 to 60 days: 21%
- in 61 days or more: 1%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 25%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
30 days
Standard payment terms
• All suppliers 30 days. In certain circumstances, SCNH may agree to shorter payment terms with suppliers as part of an overall commercial agreement.
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
• SCNH will offer to suppliers in some circumstances a finance solution that enables suppliers to obtain funds in advance of agreed payment terms. e.g. deposits to purchase materials and/or equipment, advances to aid cash flow etc. • SCNH will offset any of the supplier’s invoices any amounts owing to M&S by the supplier.
Any other information about payment terms
No further comment provided
Dispute resolution process
• There is a single point of contact for payment enquiries. The query will be tracked and resolved • Invoice queries, delivery queries are directed to each of the homes that place the orders. • There is not a formal purchase order processing (POP) system at SCNH and therefore the supplier statements are a critical part of the process to ensure all invoices are received, processed and then paid.
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