BETA This is a new service – your feedback will help us to improve it.

THE COVENTRY AND RUGBY HOSPITAL COMPANY PLC

Company number: 04508763

Reporting period:
1 January 2021 to 30 June 2021


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

This report was filed on 26 January 2022

and approved by Ben Dean

Payment statistics

Average time taken to pay invoices: 24 days

Invoices paid:

Invoices due but not paid within agreed terms: 30 %

Payment terms

Shortest standard payment period

30 days

Longest standard payment period

60 days

Standard payment terms

Hard Facilities Management invoices are invoiced during the contract month and are payable on the last day of the following month.- Soft Facilities Management invoices are invoiced in the contract month and is due the later of: the last day of the contract month or 10 business days after receipt of the invoice.- Medical Equipment Services invoices are due later of 15th day of the contract month the provider serves its invoice or 15 business days after receipt.- Majority of other invoices' payment terms are 30 days.

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

No

Maximum contractual payment period agreed

60 days

n/a

Any other information about payment terms

N/A

Dispute resolution process

Dispute Resolution Procedure is set out in all major contracts with subcontractors. Additional queries will be dealt with directly with suppliers on an ad-hoc basis.

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