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NHS PROPERTY SERVICES LIMITED

Company number: 07888110

Reporting period:
1 April 2020 to 30 September 2020

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

This report was filed on 29 October 2020

and approved by MARK SMITH

Payment statistics

Average time taken to pay invoices: 41 days

Invoices paid:

• within 30 days: 65%
• in 31 to 60 days: 18%
• in 61 days or more: 16%

Invoices due but not paid within agreed terms: 52 %

Payment terms

Shortest standard payment period

0 days

Longest standard payment period

60 days

Standard payment terms

NHS Property Services' standard payment terms state the payment of third party invoices for goods and services will be made with 30 days of receipt of a correct, undisputed and properly due VAT invoice, unless otherwise agreed in writing by a duly authorised representative.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

60 days

n/a

Any other information about payment terms

n/a

Dispute resolution process

NHS Property Services is committed to our suppliers and to acting with integrity. We therefore endeavor to resolve all disputes in a fair and timely manner. We seek to resolve disputes by discussion and agreement with a supplier, managed by the dedicated accounts payable team.

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