PARKINSON'S DISEASE SOCIETY OF THE UNITED KINGDOM
Company number: 00948776
Reporting period:
1 January 2021 to 30 June 2021
Report filed on:
30 July 2021
Approved by:
Katrina Green
Payment statistics
Average time taken to pay invoices: 34 days
Invoices paid:
- within 30 days: 73%
- in 31 to 60 days: 19%
- in 61 days or more: 8%
Late and disputed:
- payments due in the reporting period which have not been paid within the agreed period: 37%
Payment terms
Shortest standard payment periods
1 days
Longest standard payment period
30 days
Standard payment terms
By default, payment terms are 30 days from
invoice date unless specified by the supplier.
Certain preferential suppliers (e.g. volunteers or
sole traders) will be paid at the earliest
available payment date.
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
Our standard terms and conditions for suppliers
can be found at:
parkinsons.org.uk/standardterms
All invoices or statements must be submitted
only to payments@parkinsons.org.uk Emails to
any other address (e.g. individual staff
members) may cause delay in payment.
Dispute resolution process
All suppliers should have a named staff contact
for agreed work. If there is a dispute with any
invoice this will be raised with the supplier by
the named contact and copied to
payments@parkinsons.org.uk Payment will not
be made by the Finance Team until approval
has been received from the named staff contact
or relevant budget holder. Specifics can be
found in our Standard Terms and Conditions for
Suppliers at: parkinsons.org.uk/standardterms
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