PARKCARE HOMES LIMITED
Company number: 02155276
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 25 July 2018
and approved by NIGEL MYERS
Payment statistics
Average time taken to pay invoices: 36 days
Invoices paid:
- within 30 days: 56%
- in 31 to 60 days: 32%
- in 61 days or more: 12%
Invoices due but not paid within agreed terms: 69%
Payment terms
Shortest standard payment periods
0 days
Longest standard payment period
45 days
Standard payment terms
The Priory Group has established consistent payment terms for all legal entities on the following basis: Shortest standard payment period is 0 days Longest standard payment period is 45 days.
Were there any changes to the standard payment terms in the reporting period?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
Maximum contractual payment period agreed
45 days
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
Disputes relating to payment are referred to the Group Accounts Payable Manager located at the Priory Group Northern Office, Middleton St George in the first instance to determine the reasons for such disputes. Thereafter follows an established process involving discussions with the supplier in question, operational teams, Group Purchasing and other central support services personnel as needed in an effort to satisfactorily resolve such disputes in a timely manner.
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, 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