CHURCHILL RETIREMENT LIVING LIMITED

Company number: 06260373

Reporting period:
1 July 2017 to 31 December 2017

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This report was filed on 30 January 2018

and approved by Dean Marlow

Payment statistics

Average time taken to pay invoices: 42 days

Invoices paid:

• within 30 days: 40%
• in 31 to 60 days: 48%
• in 61 days or more: 12%

Invoices due but not paid within agreed terms: 62%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

30 days

Standard payment terms

Extracts of our standard terms and conditions are shown below National agreements "Payment of each invoice will be due within 30 (thirty) days of the date of receipt of each respective invoice." Regional subcontractor agreements "Payment shall be the date 14 days after the specified date by which the application was submitted."

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

Answer not provided

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 out on the suppliers invoice. When these terms are not specified then they work on a net monthly basis.

Any other information about payment terms

N/A

Dispute resolution process

In the event of a dispute over payment then this would be dealt with in line with our payment approval and authorisation policy. It would initially be dealt with by the responsible department and 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 Prompt 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