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UNITED LIVING (SOUTH) LIMITED

Company number: 00817560

Reporting period:
1 April 2021 to 30 September 2021

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

This report was filed on 28 October 2021

and approved by Conor Bray

Payment statistics

Average time taken to pay invoices: 46 days

Invoices paid:

• within 30 days: 29%
• in 31 to 60 days: 42%
• in 61 days or more: 29%

Invoices due but not paid within agreed terms: 26 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

91 days

Standard payment terms

We do not have standard payment terms as we agree terms as part of the contract negotiation. However, for sub-contractors the most common payment terms are 45 days after the accounting month end provided a valid application is received.
For suppliers, the most frequently used payment terms are 60 days after the month in which the invoice is received.

Were there any changes to the standard payment terms in the reporting period?

No

Maximum contractual payment period agreed

91 days

The maximum contractual payment period agreed for suppliers is 60 days after the month in which the invoice is received.

Any other information about payment terms

N/A

Dispute resolution process

At United Living we would always seek to resolve disputes with the relevant supply chain member by discussion and negotiation.
With regard to a Supplier, this would usually be done by involving members of our finance, procurement and / or commercial teams and may also be escalated to members of management.
Any subcontractor disputes should typically be raised with the site manager and commercial teams in the first instance and then raised up the management chain if required.
In the unlikely event that the dispute cannot be resolved in accordance with normal procedures / negotiations, it may be necessary to have to refer the matter to mediation / adjudication / expert determination, litigation or arbitration.

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