PETERBOROUGH (PROGRESS HEALTH) PLC
Company number: 06054624
Reporting period:
1 October 2020 to 31 March 2021
Report filed on:
6 April 2021
Approved by:
Julian Sutcliffe
Payment statistics
Average time taken to pay invoices: 45 days
Invoices paid:
- within 30 days: 65%
- in 31 to 60 days: 18%
- in 61 days or more: 16%
Late and disputed:
- total value of payments due in the reporting period which have not been paid within the agreed period: £0
- payments due in the reporting period which have not been paid within the agreed period: 33%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
Standard terms for the facilities management sub-contractors are 20 business days and generally 30 days for other contracts. To determine the number of days taken to make payment, a period of 3 days has been added to the invoice date to account for the delivery of the documents. Invoices are generally paid on the last day of the month the invoice is received. This equates to a standard payment period of 30 days.
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
30 days
As per standard payment terms
Any other information about payment terms
N/A
Dispute resolution process
Dispute Resolution Procedure is set out in all major contracts with subcontractors.
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