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NORTON HEALTHCARE LIMITED

Company number: 00947980

Reporting period:
1 January 2022 to 30 June 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 29 July 2022

and approved by Roland Potts

Payment statistics

Average time taken to pay invoices: 63 days

Invoices paid:

• within 30 days: 5%
• in 31 to 60 days: 27%
• in 61 days or more: 69%

Invoices due but not paid within agreed terms: 13 %

Payment terms

Standard payment period for qualifying contracts

60 days

Standard payment terms

Standard payment terms are 60 days paid on the following 10th or 25th of the month. We do have vendors on payment terms which are different to the standard

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

No

Maximum contractual payment period agreed

60 days

Any other information about payment terms

Figures disclosed include intercompany transactions. Results for third party only are: average number of days to pay is 63; %age invoices paid under 30 days is 5%; 31-60 days is 27% and over 60 days is 69%; invoices due but not paid within agreed terms is 13%

Dispute resolution process

Invoices are sent to the PO requestor or approver for review via ERP system and discrepancies are raised with the vendor. Queries may also be advised to the Local Finance team, who would advise the vendor of the query and reason for non-payment

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.

Yes

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