AVANTE CARE AND SUPPORT LIMITED
Company number: 02565021
1 October 2021
to 31 March 2022
This report was filed on 25 April 2022
and approved by Debbie Norman
Average time taken to pay invoices: 25 days
- within 30 days: 85%
- in 31 to 60 days: 13%
- in 61 days or more: 2%
Invoices due but not paid within agreed terms: 29 %
Standard payment period for qualifying contracts
Standard payment terms
Unless specified by the supplier, Avante's standard payment terms are applied which are 30 days from date of invoice.
Were there any changes to the standard payment terms in the reporting period?
Maximum contractual payment period agreed
Any other information about payment terms
Dispute resolution process
Any queries routed through the Finance Dept will be coordinated by the Finance Officers and/or Assistant Accountant. They will liaise with the supplier and the budget holder until the query is resolved. It should be noted that invoice queries take some time to resolve and will be reflected within these statistics
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.
Yes – Prompt Payment Code
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.
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.
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?
During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?