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PARTNERSHIPS IN CARE LIMITED

Company number: 02622784

Reporting period:
1 January 2018 to 30 June 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 25 July 2018

and approved by NIGEL MYERS

Payment statistics

Average time taken to pay invoices: 29 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 29%
• in 61 days or more: 6%

Invoices due but not paid within agreed terms: 81 %

Payment terms

Shortest standard payment period

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?

No

Maximum contractual payment period agreed

45 days

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

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