ANGLIAN COMMUNITY ENTERPRISE (ACE) COMMUNITY INTEREST COMPANY
Company number: 07376913
Reporting period:
1 October 2019
to 31 March 2020
This report was filed on 7 April 2020
and approved by Sharon Charlton
Payment statistics
Average time taken to pay invoices: 20 days
Invoices paid:
- within 30 days: 94%
- in 31 to 60 days: 4%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 11 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
ACE’s terms of 30 days is the most commonly used term for the reporting period. Other Individual contracts may vary
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
30 days
Any other information about payment terms
N/A
Dispute resolution process
For invoice/payment queries relating to invoices dated after 1st April 2020, please contact the NHS Shared Business Services Payables Helpdesk on: 0303 123 1177 or visit www.sbs.nhs.uk or email SBS-W.Payables@nhs.net for more information
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.
Yes
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