Published reports

GREAT ORMOND STREET HOSPITAL CHILDREN'S CHARITY

Company number: 09338724

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

Reporting period:

1 April 2022 to 30 September 2022

Report filed on:

28 October 2022

Approved by:

Bill Cunnigham

Payment statistics

Average time taken to pay invoices: 21 days

Invoices paid:

  • within 30 days: 82%
  • in 31 to 60 days: 16%
  • in 61 days or more: 3%

Late and disputed:

  • payments due in the reporting period which have not been paid within the agreed period: 8%

Payment terms

Shortest standard payment periods

14 days

Longest standard payment period

Answer not provided

Standard payment terms

Our standard payment period is 30 days for most contract types. Some agencies and utility companies have shorter payment terms.

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

No

Were suppliers notified or consulted about these changes before they were made?

N/A

Maximum contractual payment period agreed

30 days

N/a

Any other information about payment terms

N/a

Dispute resolution process

Payment disputes are resolved by the team responsible and/or who have the relationship with the supplier. Disputes are resolved by paying the original invoice or by credit note.

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 Fair 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