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CHRIST'S HOSPITAL

Company number: 06232556

Reporting period:
1 September 2021 to 28 February 2022

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

This report was filed on 14 March 2022

and approved by John Yeomans

Payment statistics

Average time taken to pay invoices: 28 days

Invoices paid:

• within 30 days: 75%
• in 31 to 60 days: 17%
• in 61 days or more: 8%

Invoices due but not paid within agreed terms: 25 %

Payment terms

Shortest standard payment period

1 days

Longest standard payment period

30 days

Standard payment terms

Majority of our suppliers are on 30 day payment terms. Certain smaller, sole trader suppliers are on 14 day payment terms where agreed. In very exceptional circumstances immediate payment is agreed eg for employee expenses.

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

No

Maximum contractual payment period agreed

30 days

Information above is relevant

Any other information about payment terms

Information above is relevant

Dispute resolution process

In the first instance disputes/complaints are raised with the purchase ledger supervisor who refers to the budget holder responsible for authorising the invoice. Typically disputes are resolved within 5 working days. If not resolved then the dispute/ complaint is escalated to the Finance Director.

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