BLUE CROSS
Company number: 00363197
Reporting period:
1 January 2018 to
30 June 2018
This report was filed on 31 July 2018
and approved by Iain Heaton
Payment statistics
Average time taken to pay invoices: 30 days
Invoices paid:
- within 30 days: 86%
- in 61 days or more: 14%
Invoices due but not paid within agreed terms: 14%
Payment terms
Shortest standard payment periods
14 days
Longest standard payment period
30 days
Standard payment terms
normally settlement at 30 days. Where supplier offers discount for quicker payment, or a supplier offers staged payment over several months, the choice will for time of payment will be made pragmatically. Invoices received after their due date a paid a promptly as is practical.
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
300 days
Business rates on properties are payable in equal instalments over 10 months. This means the final instalment is 300 days after the invoice date.
Any other information about payment terms
N/A
Dispute resolution process
Discussion between supplier and principal contact at Blue Cross. Disputes are rare as the purchase order system requires clarity from both parties before supply happens.
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