GOV.UK
PORTMAN HEALTHCARE LIMITED
Company number: 06740579
Reporting period:
1 October 2020
to 31 March 2021
This report was filed on 28 April 2021
and approved by Chris Cohen
Payment statistics
Average time taken to pay invoices: 28 days
Invoices paid:
- within 30 days: 61%
- in 31 to 60 days: 33%
- in 61 days or more: 6%
Invoices due but not paid within agreed terms: 48 %
Payment terms
Standard payment period for qualifying contracts
30 days
Standard payment terms
The majority of Portman's suppliers are on Portman's standard terms where conditions of purchase are set
to 30 days payment terms. This is stipulated in the market tenders inviting commercial proposals,
although some suppliers provide longer payment terms as part of the formal negotiation to provide a
more attractive commercial model. Any payment terms less than 30 days must be agreed in advance
with the relevant senior management
Were there any changes to the standard payment terms in the reporting period?
No
Maximum contractual payment period agreed
90 days
Any other information about payment terms
N/A
Dispute resolution process
The Company is committed to dealing with its suppliers in a fair, honest and professional manner. We
seek to resolve queries as quickly as possible to both party's satisfaction prior to payment being made.
In the first instance, invoice queries are managed by the Accounts Payable Team. Senior Managers
from both the Finance and Operations Team review follow up activities on outstanding queries each
month. An escalation process is in place whereby items not satisfactorily resolved in the first instance
are escalated to the Head of Finance and ultimately to the Finance Director.
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.
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