ANCHOR CAREHOMES LIMITED
Company number: 04598002
Reporting period:
1 April 2020
to 30 September 2020
This report was filed on 23 October 2020
and approved by Sarah Jones
Payment statistics
Average time taken to pay invoices: 57 days
Invoices paid:
- within 30 days: 36%
- in 31 to 60 days: 51%
- in 61 days or more: 13%
Invoices due but not paid within agreed terms: 89 %
Payment terms
Shortest standard payment period
7 days
Longest standard payment period
30 days
Standard payment terms
Standard terms are 30 days from end of month in which invoice is received.
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
In the first instance, the Purchase Ledger team will try to resolve disputed relating to payments. In the event that this is not successful, an escalation will take place into the Procurement team, starting with Category Managers and then ultimately the Head of Procurement. Details of where suppliers should issue invoices to are included within the standard contractual terms.
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