ASHFIELD HEALTHCARE LIMITED
Company number: 03286306
Reporting period:
1 April 2019 to 31 October 2019
Report filed on:
13 August 2020
Approved by:
Jade Thiravithul
Payment statistics
Average time taken to pay invoices: 44 days
Invoices paid:
- within 30 days: 71%
- in 31 to 60 days: 19%
- in 61 days or more: 10%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 61%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days unless specified specifically by the supplier
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
60 days
Our larger invoices in terms of value are paid by Direct Debit
Any other information about payment terms
Some suppliers require immediate payment and as such are overdue on day 1.
Dispute resolution process
We have a dedicated resource to speak with our suppliers around any disputes who then deal with the buyer.
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