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OASIS DENTAL CARE LIMITED

Company number: 00478127

Reporting period:
1 January 2018 to 30 June 2018

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This information is as reported by the business, and responses are in their own words.

This report was filed on 30 July 2018

and approved by Jake Wright

Payment statistics

Average time taken to pay invoices: 11 days

Invoices paid:

• within 30 days: 97%
• in 31 to 60 days: 2%
• in 61 days or more: 1%

Invoices due but not paid within agreed terms: 68 %

Payment terms

Shortest standard payment period

45 days

Longest standard payment period

75 days

Standard payment terms

Our standard payment terms are to pay the suppliers within 45 days from the end of the month in which we receive the relevant valid invoice from the supplier. We will always try to trade on these terms with all suppliers, except where there are material circumstances which may alter this standard approach.

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

All Payment disputes should be sent to the Accounts Payable Team at Invoice.Queries@Bupadentalcare.co.uk. Each member of the team are responsible for certain Letters of the alphabet and this is how the dispute will be distributed to the team. The team member will respond to the dispute within 48 hours if the supplier wishes for the dispute to be escalated it will be sent to the Accounts Payable Team Leader and Accounts Payable Manager.

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