THE DERBYSHIRE, LEICESTERSHIRE, NOTTINGHAMSHIRE AND RUTLAND COMMUNITY REHABILITATION COMPANY LIMITED
Company number: 08802532
Reporting period:
1 July 2020 to
31 December 2020
This report was filed on 9 February 2021
and approved by Adam Hart
Payment statistics
Average time taken to pay invoices: 31 days
Invoices paid:
- within 30 days: 79%
- in 31 to 60 days: 14%
- in 61 days or more: 7%
Invoices due but not paid within agreed terms: 19%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
60 days
Standard payment terms
Standard payment terms are 30 days from receipt of supplier invoice. There is one supplier with which the company has agreed standard payment terms of 60 days from receipt of invoice.
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
No further comment provided
Any other information about payment terms
N/A
Dispute resolution process
The company attempts in good faith to settle within 20 working days of either party notifying the other of the dispute. If necessary, such efforts will involve escalation of the dispute to the company's Procurement and Contracts Manager and the supplier's Contract Manager who will endeavour to resolve the dispute by negotiation.
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.
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