CHURCHILL RETIREMENT LIVING LIMITED
Company number: 06260373
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
30 July 2021
Approved by:
Dean Marlow
Payment statistics
Average time taken to pay invoices: 38 days
Invoices paid:
- within 30 days: 45%
- in 31 to 60 days: 46%
- in 61 days or more: 9%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 47%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
61 days
Standard payment terms
Extracts of our standard terms and conditions are shown below: Subcontractors - The final date for payment of each payment application shall be 30 days from the application date where payments are made monthly and no less than 15 days when the payments are made fortnightly. Suppliers - Payment shall be made 30 days following the end of the month in which the Product(s) were delivered.
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
61 days
Where a contract does not fit into the contracts specified in the standard contracts box above, then we abide by the payment terms as set on the suppliers invoice. When these terms are not specified then they work on a net monthly basis.
Any other information about payment terms
With the exception of a mid-month subcontractor payment run, payment runs are once per month at the end of each month and therefore invoices will be paid on the first available payment run following approval of the payment. This may result in the payment of invoices being overdue by a few days.
Dispute resolution process
In the event of a dispute over payment then this would be dealt within in line with our payment approval and authorisation policy. It would initially be dealt with by the responsible department then passed to our Group Procurement Manager and then our Internal General Counsel to find a resolution.
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