NHS PROPERTY SERVICES LIMITED
Company number: 07888110
Reporting period:
1 April 2020 to
30 September 2020
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 periods
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?
Answer not provided
Were suppliers notified or consulted about these changes before they were made?
N/A
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, 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.
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