ANGLIAN COMMUNITY ENTERPRISE (ACE) COMMUNITY INTEREST COMPANY
Company number: 07376913
Reporting period:
1 October 2020 to 31 March 2021
Report filed on:
6 April 2021
Approved by:
Sharon Charlton
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 47%
- in 31 to 60 days: 51%
- in 61 days or more: 2%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 53%
Payment terms
Shortest standard payment periods
30 days
Longest standard payment period
Answer not provided
Standard payment terms
ACE’s terms of 30 days is the most commonly used term for the reporting period. Other Individual contracts may vary.
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
No further comment provided
Any other information about payment terms
Submitting Invoices With effect from 1st April 2020, ACE CIC has a new payables address for all invoicing. The Financial Services hosted by NHS Shared Business Services (NHS SBS) will remain in place for the organisation. As a supplier to ACE CIC, you will need to take on board a number of important changes in the way your invoices will be authorised and processed for payment. This involves a change of invoicing address and other essential requirements needed to help us to process your invoice promptly. From 1st April 2020, please address all invoices and credit notes to the new payables address: ANGLIAN COMMUNITY ENTERPRISE (ACE) CIC XX<INSERT NAME> NQ1 PAYABLES F865 PHOENIX HOUSE, TOPCLIFFE LANE WAKEFIELD WF3 1WE Invoices can be submitted by post or electronically via tradeshift or email (sbs.invoicing@nhs.net). For further information or to register for electronic invoicing please visit NHS SBS website by searching for “NHS SBS eInvoicing” online. https://go.tradeshift.com
Dispute resolution process
Any queries should be directed to NHS Shared Business Services Payables Helpdesk on: 0303 123 1177 or visit www.sbs.nhs.uk or email SBS-W.Payables@nhs.net in the first instance.
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